Dow 20000. Major milestone on steroids…

http://stockcharts.com/freecharts/pnf.php?c=%24INDU,PWTADANRBO[PA][D][F1!3!!!2!20] We wrote a letter a few days ago -- don't wory you didn't see it becuse we didn't send it.  The title may tell you why:  "If there's nothing…

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Dow 20000. Gold at ??

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464 The most natural thing in the world is for the market to balk at important symbolic numbers.  Thus the major indices are balking at the  present major step--Dow 20000,…

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Short term technical state of the market…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464 Evaluating the volume here it is clear something is up--probably accumulation.  Nonetheless the wave which started Nov7 is now consolidating (or, less likely, reversing).  The trendline is well broken…

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Xmas cheer…and the Food Bank…

      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…

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