Dow Channel

Friday, October 06, 2006 | 11:15 AM

Excellent graph from Chart of the Day.  Note the Dow is now just above its 2000 highs, but at the top of its long term trend channel:


Dow_channel


This suggests that even a pullback towards 11,000 (or even ~10,750) will not be a break of the 3 year move.


At the same time, we see Sentiment is fairly high:

September 29 AAII Survey

Aaii

This is rarely a winning combination . . .

Friday, October 06, 2006 | 11:15 AM | Permalink | Comments (35) | TrackBack (0)
de.li.cious add to de.li.cious | digg digg this! | technorati add to technorati | email email this post

bn-image

TrackBack

TrackBack URL for this entry:
https://www.typepad.com/services/trackback/6a00d8341c52a953ef00d834ef19fb69e2

Listed below are links to weblogs that reference Dow Channel:

Comments

More of the Alfred E. Neuman Market.

Posted by: Mike M | Oct 6, 2006 11:13:36 AM

The comments to this entry are closed.



Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Archives

Complete Archives List

Blogroll

Blogroll

Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:


Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites

FeedBurner


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo

Disclaimer

Disclaimer

Odds & Ends

Site by Moxie Design Studios™

FeedBurner