DJIA 0.31% 26,683 dow jones industrials

dude, on my DOW chart, its just come out of what was an...

  1. 2,473 Posts.
    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.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.