Long Term View – WSE Pro

Back at the beginning of 2006, I wrote:

In the next several months, the Dow will either break the uptrend line that it bounced from in October 2002, March 2003, and October 2005, or it will break out above the resistance zone extending from the 2000-2001 highs. It may take until the second half of the year, but the outcome of this battle should signal the market’s long-term direction for years to come, depending on whether the index falls through the uptrend line, or breaks out above the resistance area.

In October, the Dow gave us an answer. In this report I review the long term chart structures and tell you what to look for in terms of possible changes in the months ahead. Click here to download complete report in pdf format (Professional Edition Subscribers).

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Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also publish LiquidityTrader.com, and was lead analyst for Sure Money Investor. I developed David Stockman's Contra Corner for Mr. Stockman. I’ve had a wide variety of finance related jobs since 1972, including a stint on Wall Street in both analytical and sales capacities. Prior to starting the Wall Street Examiner I worked as a commercial real estate appraiser in Florida for 15 years. I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. My perspective is not of the Ivory Tower. It is from having my boots on the ground and in the trenches of the industries that I analyze and write about today. 

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