Wednesday, December 28, 2011

This is a Technical Signal that the Dow should rise over 1,000 points, within the next 6 months. There is a positive probability of its truth

On Friday, the Dow Jones Industrial Average broke and closed above key resistance.  As shown below, the index broke above the neckline of a reverse head and shoulders pattern, which is a bullish technical formation.  This opens up quite a bit of upside room to run before any new resistance levels come into play for the Dow. Called a Reverse Head and Shoulders - courtesy of Bespoke Investment Group

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