BachNut does bear porn! Come and get it!
Just for fun before I check out for an afternoon of hotdogs and beer by the pool....
I am going to put up a few charts not to argue a bear case but to suggest we are entering a decision zone where chart evolution over the next few weeks could be interesting.
As you all know, I haven't got a clue what will happen.
I am still long.
I have been watching the Dow and looking for a new all time high.
We are close and if we get it in the next few days (light holiday trade?), imaginative bears can ponder a broadening top formation.
I give it some interest because time volume and money flow have been soft and divergent into these highs.
While price can climb a fair bit more in this formation, I would not expect much and anticipate a reversal if these indicators soften further.
Conversely, if new price highs trigger strong money flow, bearish odds decline, and the bull case looks good.