BUBBLING RIGHT ALONG
Chip Anderson
Hello Fellow ChartWatchers!
There hasn't been much talk about it in the press but the Dow Industrials has continued its slow rise to new heights. How high? On the follow chart you can see that there are only two labelled peaks that are higher than the Dow's current level:
Last May's peak close of 11,577 seemed too good to be true, but if the Dow can re-rally to that level, it will be well positioned for a push up to its all-time high of 11,722 set way back in 1999. Yes, I know, I know. That's just overly optimistic "bubble-talk" right? Well, not exactly. What the Dow is doing is a long ways away from what the Nasdaq did back in 2000:
Don't you agree?
