are we going parabolic?

[empee]

if so, should be a good ride!

(until it ends).

 

[stock_trad3r]

No it isnt parabolic

The markets are breaking out of a two month trading range

 

[fusionz]

this is just a breakout out of a consolidation, we would have to go much higher if it were parabolic.

 

[Cache Landing]

Even more important is that only the DOW has broken out. It got lucky and caught a bid from retailers and a price war in materials. SPX still hasn't broken out yet.

 

[empee]

i was looking at the DIA monthly chart. OTOH, you could say that be broke out of a 7 year base which could justify 4000 dow points or so.

 

[Martin Gale]

Or, you could call it a case of too many increasingly worthless dollars chasing too few increasingly overvalued assets.

 

[myminitrading]

Late April and all thru May was indeed parabolic. Todays move is showing alot of intraday divergence, no retracement to speak of.