Tuesday, January 29, 2013

And the trends go on...

The indices are continuing their push higher, although all at differing levels of speed. The Dow is now within sight of the 14,000 level, and following that its all-time high is coming into view. Across the pond, the UK FTSE is also pushing ahead strongly to start the year. (Charts below).

No doubt there will be plenty of traders trying to call the 'top' in this uptrend, and no doubt some will get time it perfectly - eventually. However, trading is a game of odds, and in these market conditions, those odds at the moment are stacked in favour of those following the trend. Yes all trends comes to an end, but no-one can predict it. The charts and the price action will tell you.

No comments:

Post a Comment