Dow Could Break to Rally Highs

 The Indoos broke through resistance today, which could quite possibly set the stage for more upside in the next few weeks. This isn't a guarantee, obviously, as volatility remains high and will likely stay that way for some time; nevertheless, it can't help but build a case that technical analysis and the media simply do not mix.


 People seem to be the most bearish (or bullish) right at key turning points in the market, and the bearish side of sentiment was clearly winning the last couple of weeks.


 That's as good a reason the markets rallied this week as any.


 Here's a suggestion: subscribe to as many free sites offering market analysis as you can find, and simply do the opposite of what the majority of them are telling you to do.

Always perform your own due diligence. These are only my opinions.