Beware Of Bovine Trapping This Weekend
Written by Rick Ackerman, Rick’s Picks
Bulls Beware
How high does this bear rally have to go to fool us into thinking it’s the real deal? You don’t have to be a technician to answer that question – just look at the chart below. From a visual standpoint, a move up through the red line would surely get investors’ juices flowing. The reason is not just that the Dow would appear to be within shooting distance of the old record high, it would also have pushed past two important peaks created during December’s steep plunge.
Source: http://econintersect.com/pages/investing/investing.php?post=201901180407
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