Sunday, March 3, 2013

The Weekly Outlook - $DJIA $SPX $NDX Skyfall or Jubilation

*****It is not a surprise that everyone who follows the market wants to "be there" at the new high. It is historical event and one can boast "I was there" when the Dow touches the sky. I suppose one could boast about a birth if  you last entered these markets 9 months ago when the last conception started. One could quip when the time comes "champagne or cigar" in jubilation.

 It will be like a long awaited birth if the market breaks out to a new high, indeed time for jubilation,  but will the volume be there to keep it thrive or will it we witness a skyfall? I can make a case for both looking at the monthly chart. Indeed, I can make a case for a possibility of 15324 in fairly short order if, IF, the volume surges behind the new high; without it, I doubt if we can continue the enthusiasm.

No matter which way, we must remain vigilant about this birth and we must stand tall to face it all together since it is our creation.

Skyfall by Adele on Grooveshark

Happy Trading, Living and Dancing

The Outlook - $DJIA $SPX $NDX

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