Monthly Dow Since 1912
Is there an ideal price point that stock-market bears would like to see the peak? Yes and it could be at current levels.
This chart looks at the stock index over the past 100 years on a monthly basis.
Since the late 1940s, the Dow has spent a majority of the time inside of the blue shaded rising channel.
The rally of the past year has the Dow testing the top of this 70-year rising channel.
Would the bears like to see the Dow turn weak from current levels?
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