maccabean
Short

Like a baked bun in the oven, it's time to let the DJIA cool

INDEX:DJY0   DJIA
The market is going through a period of volatility due to upcoming interest rate rises. Traders should see this volatility as a profitable opportunity. The risk/reward is great. The market sentiment is the same now as it peaked the last time in January, and a reduced, but still relevant correlation to the chart topping action in December. From a long term point of view, as has been covered a number of times by traders, the market is way over valued and ready for a correction. First target is about 17754 with a stop loss above the last high.
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