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The Market Looks Higher …

Wednesday, January 11, 2017 21:22
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(Before It's News)

by Rick Ackerman, Rick’s Picks

… But a Breakout Would Trigger A High Alert

A month of tedious consolidation has set the stock market up for a seemingly likely push higher. The chart shown below suggests the Dow rally could reach 20257, or possibly even 21101, over the next month or two. That last number has served as our bull-market lodestone for quite a while, and even a thousand-point dive would not negate it.

defcon.3

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Source: http://econintersect.com/pages/investing/investing.php?post=201701112114

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