Xmas cheer…and the Food Bank…

Posted on Dec 16, 2016 by in Letters

 

 

 

http://stockcharts.com/freecharts/pnf.php?c=%24INDU,PWTADANRBO[PA][D][F1!3!!!2!20]

The PnF chart of the INDU pretty much expresses the market situation.  A long period of sideways chop has given way to a breakout, and the system looks for a target of 24099.  The technical base is certainly there, and if the Congress changes its recalcitrance to cooperation the economic circumstances will be there.  They could have done this 6 years ago but then that illegitimate president in the White House might have got some of the credit.  No No Nanette.

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