Daily Archives: January 29, 2017

Sunday Funnies

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There’s not much going on the world right now (except for “lawyers rushing to airports” – yes, I just read that in an article) so I thought I’d just share a few words on this lazy Sunday about the historic breakout above 20,000 last week, particularly in the context of momentum.

I offer to you the chart below, which is the Dow Jones Composite. As can be seen with the magenta tint, the index spend years forming a basing pattern. It began on the left with the “ichthus” pattern , and it finally broken above resistance after the election.