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Market Insight: Dow's Winning Streak Sheds Light on Future of Rally

By Editorial Staff
Thu, 14 Mar 2013 16:45:00 ET
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The Dow closed up again on Thursday, March 14, the 10th consecutive day the senior index closed higher, the 8th consecutive new all-time high.

According to EWI Short Term Update Editor Steve Hochberg in Wednesday's Update, “Streaks tend not to be randomly distributed but instead congregate at market lows, in the midpoint of extended rallies and at the end of advances. We know it's not a market low since stocks have been advancing almost uninterrupted since November.”

Read Hochberg's assessment of midpoint versus end in the March 13 Short Term Update, part of EWI's comprehensive Financial Forecast Service. Click here to learn more and start a 30-day risk-free trial.

 

 

 



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