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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: The Ox who wrote (18325)7/17/2016 10:48:24 PM
From: Chip McVickar  Read Replies (1) | Respond to of 33421
 
we have new highs in the dow
it seems to me in this trading environment - now that has been accomplished...
todays market players might even re-test the gap at 16516
test the old folks all over again <smile>

there is an element of disbelief and panic that's saturated the media...
how can the dow be gaining value in such an undisciplined bewildering investment environment...???

the panic selling of aug 2015 and jan 2016 was hard stuff to handle
but low volatility investments have done pretty well during this period
I've been a fan of utilities... they've out performed many sectors

btw... I still believe we'll see 23,000 before to long