Posted Apr 30, 2014 by Martin Armstrong
We can see from the daily chart in the Dow Jones Industrial Index that there is a rather flat topping pattern. This suggests that we should see new highs and that in no way has this been a nice clean isolated high that would signal the collapse of the markets as so many keep saying.
No matter what market we look at, there MUST be a Phase Transition that forms the top. You do not get three opportunities to sell the all-time record high. The US market is still poised for a blast to the upside sparked by capital inflows.