chartsmaster

For Whom The Bell Tolls

Short
DJ:DJI   Dow Jones Industrial Average
4
There is a long standing saying that they don't ring a bell at market tops. But they often do. Today the bell is not just ringing (DJIA near 20,000) it is screaming MARKET TOP! The market usually doesn't top in one day and collapse from there. It will probably mark an internal top today or tomorrow (just shy of 20,000) from the FED rate hike and then correct for a few days. Expect a second, or external top on the last trading day of the year (maybe actually trading at & or closing at 20,000). 2017 should be a significant bear market year.
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