DJCFD:DJI   Dow Jones Industrial Average Index
The dow has been trading well within a rising wedge . Rising wedges in bull trends can be very good, or very bad. When price breaks up from a rising wedge , it can be very powerful.

DJI gave 3 entries in January. You had to be quick, but you are being generously rewarded.

The first was at the start of the year - easy breakout. The second was a small consolidation, which produced a measured move to 26k. Then, last Friday, price broke out of the rising wedge .

Assuming there are no nasty surprises, this pattern confirms that we are melting up. As exciting as this is, we should be cautious of a key high in the 28000-30000 area, possibly before.

For now, I'm buying all dips.


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