The daily chart of the Dow Industrials shows a well defined trading channel with the upper boundary now in the 12, 400 area.
FORBES: Money Flowing to Large Caps
This also corresponds to the upper boundary of the trading channel (line a).
FORBES: The Week Ahead: Can Diversification Ruin Your Return?
The Spyder Gold Trust ( GLD) hit the upper boundary of its trading channel on Monday (line b) before reversing to close lower.
FORBES: Have Gold and Silver Topped?
Chart Analysis : The close Thursday pushed the NYSE Composite above the highs from early in the year, as prices closed above the upper boundary of the daily trading channel.
FORBES: Is the Rally Ending...Or Just Beginning?
The weekly trading channel goes back to 2011, with the upper boundary (line a) now at 9, 492.
FORBES: The Week Ahead: The Good, the Bad, or the Ugly?
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