Everything's Going Sideways...

The Dow's going sideways, US dollar's going sideways, Oil's going sideways, Gold's going sideways... everything's going sideways lately as markets seem to fall into a sort of limbo. Is this the fabled calm before the storm? If so, which direction would the storm be? Upwards or Downwards? Yes, obviously a lot of learned traders are providing extremely strong support by buying into the high (peak?) unemployment rate with reference to the rebound on peak unemployment rate during the last crisis. This has certainly helped stem the last of the bears and profit takers. Tomorrow's Veterans Day, which is a public holiday, but stock market's still open for trading. Certainly a lot of risk takers and opportunity seekers would actually be home staring at the stock market and probably taking some action.

The Dow continues to be in a intermediate term neutral trend within a primary bear trend.