Dow Jones industrial average made yet another 52-week high closing the week out at 12,391.29…. Solidly above the 12,000 mark. Thus far has been a strong, bullish month…the monthly candlestick is a solid green with no wicks meaning basically that was the Dow started going up for the month and kept going up.
The Dow continues to show signs of strength and should be considered to be bullish even down to the 11,600 mark. It is obvious that the Dow is made impressive gains since the lows in March of 2009.Tthe price is currently telling us to continue to stay bullish unless notified otherwise.
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