Replies to post #37851 on lowtrade

[Lowjack]

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!