New Dow High as Another Stocks Bear Market Goes Up in Smoke

Posted by Market Oracle

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Dow Jones surges to a new all time closing high of 15,460.92 as many market commentators literally never learn! And there is a reason for this.

Bull markets do one thing, and one thing only, they resolve to NEW bull market highs, as that is what ultimately defines what a bull market is, and so the market that I have traded for near 30 years, the DJIA stock index has once more resolved to a new bull market ALL Time High.

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My expectations at the time of the May rally were to reduce stock market exposure ahead of a correction to once more accumulate into – 22 May 2013 – Dow, FTSE, Stock Market Panic, Euphoria, Irrational Rally Continues, What I am Doing

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Ed Note: More analysis and charts like this interesting one below HERE

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 ……read more HERE