Friday, May 17, 2013 5:33:32 PM
Just where we are on the charts! We are on wave 5 of Wave 5, at all time highs, RSI almost maxed out, Overbought, ETC! 
Strong Dollar should have been your first clue. When the stock market and dollar move in the same direction there is an imbalance in the markets; those who figure out the imbalance usually take home the money!~
I'm sure lowtrade has a rule about reaching new highs; i.e expect a pullback at a certain percentage. We're somewhere between 8-10% above the last all time high! Just looked and it was 14,198 on the DJIA. 10% would be 15,617.
Pull up a 20year monthly chart of the DJIA and you should see it! Top of the channel!
Strong Dollar should have been your first clue. When the stock market and dollar move in the same direction there is an imbalance in the markets; those who figure out the imbalance usually take home the money!~
I'm sure lowtrade has a rule about reaching new highs; i.e expect a pullback at a certain percentage. We're somewhere between 8-10% above the last all time high! Just looked and it was 14,198 on the DJIA. 10% would be 15,617.
Pull up a 20year monthly chart of the DJIA and you should see it! Top of the channel!
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