Registered: 1101777014 Posts: 4,580
Reply with quote #1
Partial from this weekend's Weekly Breadth Data review:
For some additional historical perspective, the Dow Industrials has now been up for 7 out of the last 8 weeks, and since the Presidential election 14 months ago, the Dow has been up 44 out of 62 weeks (71% of the time) for a total nominal gain of 7,800 points or 43% (or an average of +3.07% per month)! It should also be duly noted that there hasn't been a streak of more than 2 consecutive weekly down closes since that time!
I guess this is what "melt ups" look like. Fib __________________ Dave's LinkedIn Profile Technical Watch Twitter Page Technical Watch Facebook Page "As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan "An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan "What we see depends mainly on what we look for" - John Lubbock "The eye sees only what the mind is ready to comprehend" - Henri Bergson “Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977 "You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977