Courtesy of Doug Short
Veteran technical analyst Chris Kimble, a student of Sir John Templeton, weighs in on the Dow this morning, and he includes a sixpack of major world index.
Chris comments: On a short term basis, the world’s markets are doing a high wire act. If one slips, odds are that most of them will.
At the same time global stock markets are on support, the Dow is up against some important resistance. This legendary index is back at the top of its 70-year channel and simultaneously up against resistance that goes back to the highs and lows of the 1987 crash!
For the most up-to-date Kimble analysis, check out Chris’s blog: Kimble Charting Solutions.
