[Update at 12.30pm - added the Long Term Industrial Chart at the end]
Okay if the dow goes much higher then it will jump out of my bear channel. If we are really in a bear market, with the rise from last march being a Bear Market Rally, then the market needs to start going down now. If it doesnt then i may have to buy some horns.
And a close up on the dow
As you can see, we hit the 78.6% retracement (from the Jan 19 decline) this morning.
And just in case you have not seen it before here is my Long term prediction.
