Here's Where Bears Would Love To See The Dow Turn Weak
Chris Kimble | Dec 03, 2019 02:55PM ET
Is there an ideal price point that stock-market bears would like to see the Dow Jones Industrial Average peak? Yes and it could be at current levels.
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This chart looks at the stock index over the past 100 years on a monthly basis.
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Since the late 1940s, the Dow has spent a majority of the time inside of the blue shaded rising channel.
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The rally of the past year has the Dow testing the top of this 70-year rising channel.
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Would the bears like to see the Dow turn weak from current levels?
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Absolutely.
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