Equity Markets Due For Consolidation | Gary Glover | Finance News Network

Equity Markets Due For Consolidation

by Gary Glover

This chart of the Dow Jones Industrials should concern us in terms of whether we have too much upside in the short term.  As much as I think equity markets are still bullish longer term this broadening pattern strongly suggests that this current market looks quite extended, is nearing strong resistance, so a period of consolidation is most likely on the cards so from now untill mid 2014 gains should be alot harder to come by going forward.

   

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