Good article in this weeks Economist:
Sunday, April 26, 2009
Here is a weekly line chart of the Dow Jones, and I am see a rounding top(blue arrow), in the making, usually a bearish signal. Also, I believe we have seen the lows for this year, when we hit the yearly S1 pivot(pink line marked S1) in March at 6500. I think we can go higher(after a good pullback), before we see another BIG leg down, in the next year or two.
Posted by Jeff York at 8:22 AM