Sergeant, thats a fair point. The volumes on the 3 days after...

Sergeant, thats a fair point. The volumes on the 3 days after the fed rate rise were very high, so one possible scenario is that was one last accumulation spree by the "smart money" in anticipation of the "vote of confidence" angle pushed after the rate rise was announced. Jpv history supports a positive seasonal outlook, but from what I can see the DJI setup has some similarities to the XJO (light volumes, testing a resistance zone). All I know is we are near the top of a 5 month trading range so now is not the time to go long its a time to take profit & wait till the chart confirms the next direction (up & out of trading range or back down again) in the short term.

Cheers, Sharks.