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Up Trend Continues October 21, 2017

Posted by Tom in Thoughts.
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Oct. 20, 2017 – The chart below clearly shows tht this up trend is intact.  Sentiment, Money Flow and Volume Flow remain bullish.  Prices remain in this upward trend channel, though at the top of that channel.  Risk for a correction down to  at least the lower trend channel is high and logical.  This market is optimistic and over bought.

But, it can still go higher.  I always have to remind folks that correction begin at “all time highs”, not at “all time lows”.  I think it’s wise to be “cautious” at the same time as being fully invested.  It just makes good sense.  Here’s a few sectors that I like and are showing strength in this environment:

That’s it for now. With modest volume and prices at the top, folks are buying, but not “hand over fist”.  Optimistic, yes . . . . but let’s not be blind to what potential is out there.  Have a good week.     …….  Tom  ……..


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