STILL MAKING HIGHER HIGHS BUT ALSO H&S

4 days ago

If you had decided to hold the channel in the sideway movement, it would have worked both ways for you, as it did an excellent job for both bulls and bears. The sharper move it has made since joining the DOW is still yet to be seen, waiting for what many have called a run-up to 200. Until then, 131 remains solid support unless some may perceive this pattern as similar to a double top, even though it doesn't measure right for me. Short-term outlook bearish, long-term potential bullish.