At least if the market takes a correction now, it has a chance to drop hard, catch support at the breakout of the bottom pattern and regroup in 2010 for the final leg of a nice up cycle. Will the market pause for such relatively healthy reasons?The chart says the Dow is going to 10,400 or so. The big question is will it do it now or after a fairly robust decline? NFTRH will of course be watching the dynamics unfold. Because the question above is for all the marbles.
I sent a rather involved update to subscribers this morning (it was the serious Gary talking, not the silly playah you sometimes see here) and part of the theme was blow off dynamics. Well, what is it going to be, blow off dynamics or something more sustainable? And by sustainable I mean mini cyclical bull market at best due to the horrid 'fundamentals' propping this burst of good tidings.
The Dow really should think about taking a correction and shaking out the crazies. Really.
