Dow May Linger at 20K for a While

After a month of attempts, the Dow has finally penetrated the 20,000 level. Looking back at history, such big numbers are usually perceived to be starting points, yet in reality are strange attractors, so that we can anticipate the level to be a number we keep returning to, rather than an immediate launching pad for a skyrocket. 

Yesterday's action was a rather square entry after a gap, which makes it appear to be an exhaustion gap, and implies an overdone advance. Consequently, I am reluctant to call it a breakout, and am willing to sit back and wait. ...203 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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