Weekly Stock Market Update: Stage Analysis

The market seems to want to continue in the upward path it has been on for awhile. Many of the pundents and stock news sites are predicting impending doom. They might be right, but for now I believe we are in a Stage 3 Uptrend. Look at the chart below and you'll see the pattern. The Dow and NasDaq charts look very similar.

For a recap on stage analysis, look at my earlier post here.