|Do you ever look at Wycoff distribution? I ran across it this past year, but don't know a lot about it except that the DJI chart is looking a lot like it.|
If this is correct and it is a distribution phase, then it really looks like it could start breaking down in March or April as well.
Everything right now seems to be inside of a channel which is a prime set up for all of them to break down really close to one another. And if that happens, I think that it would be quite bearish.
You gotta love that the Fed's got our backs!!! LOL