Last week I noted the Dow had reached resistance and needed a rest. Well, that’s exactly what it did, throwing in a neat little roller coaster on Thursday and Friday. But, based on Friday’s return-from-the-dead rally, I think the odds favor further upside, putting me squarely in the “bull” camp.
In short, knowing the news about a company is often only part of the story. The rest can often be gleaned from the charts.
Gary B. Smith joined FOX News Channel in 1999 and is currently a regular commentator on "Bulls & Bears," including his own segment called, "The Chartman."