Price indicator (green line) and money flow have moved back to the top of the cycle.
Money flow is pointed up ... we may see some weakness soon ... we had a 94% up volume day on the NYSE and with modest inflow of money.
The reason for today's bullishness ... you guess it the dollar. I know I sound like a broken record ... but this is not going to change until the dollar reverses. We could see a double top in the Dow back to 15,000 in the next 12 to 18 months if this continues. By the way this marks my 250
th blog posting this evening.
Price indicator (green line) and money flow have moved back to the top of the cycle.
Money flow is pointed up ... we may see some weakness soon ... we had a 94% up volume day on the NYSE and with modest inflow of money.
The reason for today's bullishness ... you guess it the dollar. I know I sound like a broken record ... but this is not going to change until the dollar reverses. We could see a double top in the Dow back to 15,000 in the next 12 to 18 months if this continues. By the way this marks my 250th blog posting this evening.
Posts
No comments:
Post a Comment