The Dow is above 1300
Many stock charts (e.g. AMZN) are giving mixed signals. Some stocks have shown exhaustion and overbought indications before the DOW reaching an all-time high. Now many stocks appear to have breakaway gaps and appear to to have new life to to them. I don't like to follow
the crowd after news. Is this a breakaway gap ? Will this gap close in the next few weeks ? or Is this a new long-term trend ? Will the DOW keep making new highs or will the bubble burst ?
Will the investors holding this security be in for a surprise ?
Housing market is down and the dollar is weak, what other economic indicators
should I consider ?
Where can I learn more about gaps and gap plays ?
Thank you,
//Michael
Several stocks have this kind of pattern now.