(analysis coming later)

(analysis coming later)

(analysis coming later)

Weekly DJIA through 20-June-2005

The DJIA went down 325 points this week, more than 2/3 of that just on Thursday and Friday. The price bar is still green, but will turn red next week. It looks like at least a 3-4 week downtrend in the market. The proprietary moving average, it should be noted, turned down this week because of the price movement.

As noted in the last post, I'll be away from the PC next week, but I'll be thinking about some new ideas and indicators, which will augment what already is a pretty good, but not great system. Let's see what comes to my mind in the country while I relax from my normal routine.

The Dow closed the week down another 123+ points. Although we've had two days of 100 point plus losses,this can't continue, of course. Monday may be a bad day, or we could easily get a 50 point bounce. Don't be fooled if that happens-- the market is going lower still.

I will be on vacation next week and won't be blogging then. I may come back the next weekend and post day by day charts, or maybe just sum up the week. I feel I'm close, but not quite there, in finding indicators that will provide solid, highly-profitable trades. While I'm away from the city (and computers) I'll think creatively about what pieces are missing from what I currently have to what would be a dynamite system.

The Dow tumbled 166 points today starting what I believe will be a significant decline in the market. I was looking for more sideways movement, but cautioned yesterday that uptrend was running out of time. I think it's safe to say that "time" has run out. Any possibly bad news will cause breaks in the averages, unlike what has been happening where bad news didn't faze the DJIA.

The DJIA slipped another 11+ points today. The market was almost the definition of indecision--not knowing whether to go up or down, so it ends up going sideways. The time for the up move is quickly disappearing and unless we get a quick bounce up, the market will just tread water until the support is removed. Then we should see a quick drop in the market.

The Dow sustained a 9 point loss today, but the price bar is still green (indicating an uptrend) and the length of today's price bar was almost the same as yesterday's prices. The market is very overbought and if the market is going to make a last surge up, it needs to do it tomorrow or Thursday. If not, the market is poised to drop, and probably drop hard.

The DJIA went down around 14 points today, but it doesn't change my feeling that this market has more upside in it before a significant decline. Let's see if tomorrow turns things around. The overbought nature of the market does concern me and a crack could come any day now--but I think it will hold off that decline this week.

Monthly DJIA - May 2005

I realize this is late, but in May 2005, the Dow went up 275 points, however the price bar turned red and the indicators have turned down from a very overbought level. The proprietary moving average did blip up a little from April's level, but the market looks ready to make a down swing. As we know since we're almost three weeks into June, the market went sideways and then has gone up. Let's see how the month ends.