Replies to post #78036 on Mohacsy's Safe Portfolio Member Forum

[santafe2]

Now that Ms. Market has decided to break through resistance after a week, the next resistance line is the downward sloping line from the early October peak, currently at ~25,000. Given the weak forward looking economic indicators, the best outcome for bulls is a period of consolidation above 24,000. I think an early breakout would indicate unwarranted enthusiasm.