Posted Dec 27, 2013 by Martin Armstrong
The Dow Jones Industrial Index has rallied into the 11th day from the low reaching 16529. The key resistance is still at 16650 and any breakout that will start to run to the upside will not unfold until we exceed that level, fall back to retest, and then run to test the 20,000 level.
Today is the 11th day up from the low and if we close lower, then there is a potential for a retest of support that begins at the 16375 level followed by 16175 where a close below that area will signal a retest of the 15950 area becomes possible. We should see volatility begin to rise in January.