dude, on my DOW chart, its just come out of what was an expanding wedge which it went into from a rising trend, finished it off with a pendant.
I have never yet seen such a pattern end in anything other than the direction it came from - in this case - UP.
market wants to go to 10,000 - we'll be there soon!!
The big question on my mind - what happens at 10,000 - my 'guess' is that it'll hit resistance, fall 300-500 points, then charge again at 10,000. OR it might just charge on through!!
will october see a fall? This year has seen the rule of Januarly setting the trend fail - I wonder if we'll see the market fall into the close of the year?
My opinion now is, we're now in a bull market - buy the dips!! at least, thats what I plan to do.
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dude, on my DOW chart, its just come out of what was an...
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