During last week’s review, I spoke about a market that was demonstrating highly bullish behavior through the points at which the market was choosing to consolidate. We continued that trend of technical perfection this past week. A very high probability of a significant bullish resolution to these charts lies ahead. I believe that bullish resolution begins taking shape the week of December 17th through the end of the year, with the Dow ending somewhere in the vicinity of 13,400-13,500.
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DOW
DOW TRANSPORTS
S&P 500
RUSSELL 2000
SOX
