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Tom and Brendan talk about the new highs being made by the Dow Jones Industrial Average every day. Last Tuesday the Dow Jones broke through its former all time high set on October 9, 2007. Since then it has continued to set new highs each day. What do the new highs being set by [...]
This week on the Mullooly Asset Management podcast Tom and Brendan discuss the new high set yesterday by the Dow Jones Industrial Average. The new high broke the previous record set on October 9, 2007. So what does this mean moving forward? Well it can certainly take a long time to get these market tops, [...]
The Dow reaches 14,000 on Friday, February 1, 2013 for the first time since 2007, and investors wonder what will this mean going forward? Seeing a headline “Dow reaches 14,000″ should not make you dump stocks, or buy stocks either. The Dow is still just a basket of 30 stocks. Shares in 30 companies you [...]
Support Lines and Point and Figure Charts If you have seen my other video lessons on point and figure charts, you know that support lines often act like brick walls. And point and figure charts tend to drift down toward support lines and often (but not always) bounce off the brick walls of support. [...]
Where is the Support Line for the Dow Jones
In this video, we take a look at the POWER of support lines. Some support lines will cause changes in your 401(k) if broken. Support lines often act like brick walls, meaning we tend to get a bounce off a support line. And it takes a LOT to break a support line. Here the Dow [...]