Totally ignoring all of the media stories, fundamentals, anything other than the 3 charts, the charts would suggest that for a long while since 2000, the market has gone essentially nowhere until the current breakout.
The charts would suggest that the breakout has a long way to run yet. In fact, it is just getting started.
I’ve blogged about the eventual breakout previously and recommended hanging on, which I still would advocate, purely on a chart basis.
The important thing is that the ‘news’ around the breakout, as it was historically, is usually bad. There are all manner of problems. Hang on, somehow.
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