Monday, September 14, 2015
Market Watch: DJIA
The action may have looked insignificant today, bit not so. The triangle that we talked about in last nights post, which was already impressive is sharpening up. The reason this is such a big deal on the stock charts is that it is the intersection of a down sloping trend line with one possessing a positive slope. Both trends cannot continue at once. When the break finally comes it will usually be with some force. Which ever way it breaks, the funds will follow it, so it will have follow through.
Don't guess trade the break.
Posted by StockMarket -Implode at 7:21 PM