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Chart of the Day
Despite a host of concerns (weakening economy, high commodity prices, geopolitical issues, etc.), the Dow made another record high today. While the recent string of new record highs is significant (especially coming on the heels of a major bear market), it should be noted that the Dow is not yet in the clear as the Dow currently trades at the top of the three-year trading channel (see red line). Stay tuned...
Notes:
- The market is at a critical juncture. Where we go from here may surprise you. Find out now with the exclusive & highly regarded charts of Chart of the Day Plus.
Source - Dow Jones
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Quote of the Day
"If you find a path with no obstacles, it probably doesn't lead anywhere." - Frank A. Clark
Events of the Day
October 10, 2006 - Columbus Day (observed)
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