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Weekly Supplement - January
31, 2010
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Pressure remains in bullish domains.
This will offer resistance to the magnitude of any bearish bias that may
unfold. Also, notice the bearish yellow curve. It is starting to rise.
That is another potential source for bearish resistance. The value of
"yellow" for the DJIA is 9706 as of this date, January 29, 2010. It will
be interesting to observe behavior when and if the Dow touches yellow. |
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Comparing the Great Depression
follow-on bullishness to the Great Recession's, you will notice pressure
as not being as supportive of mitigating bearish ambition. You should
notice in the Mid-term Election Year of 1930, Pressure indeed rose briefly
into bearish domains and a few months later, succumbed to bearish
ambition. |
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