Saturday, January 13, 2007

Where Does the Dow Go from Here?

Chart of the Day provides the following chart showing the Dow's trading range. They note:

"Despite a host of concerns (weakening economy, softening housing market, geopolitical issues, etc.), the Dow made another record high today. While the recent string of new record highs is significant (especially coming on the heels of a major bear market), it should be noted that the Dow is not yet in the clear as the Dow currently trades near the top of the three-year trading channel (see red line). Stay tuned..."

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