mile thigh thursday., page-44

I understand the strength that America is showing and I think that is very bullish notwithstanding the problems in Europe.

Technically the chart below does seem to indicate that the DOW is now faced with a lot of short, medium and long term resistance.

In order to break through, we may need a significant event such as the ECB deciding to start printing the Euro.

Whether or not the DOW bounces off resistance and heads back down will provide for a very interesting next few days.

Happy New Year everybody!