Alternative Path

[gdl]

DOW my only index with questions has formed a wedge patter from one month ago. we are just now at the base of that wedge and trying to rally off of it. Complacency at extremes even as the analysis on Bloomberg showed concern. Individual investor is immune to any news simply because they are assured we are in a new Bull market and ONLY rate CUTS will derail this sucker. So far they are RIGHT! No ability to break below any major support zone and every drop is extremely orderly and predictable, as if someone has determined exactly where the next move should go.

If we don't show a breakdown TODAY the setup over weekend is just not there. I still can't understand how October came and went so easily without hitting minimum targets on the downside. For that alone i question my obsession on a crash.

DOW currently trying to push all the other indices up. Only one rallying hoping the troops will follow. For me this is THE day to determine of we can breakdown from here next week.