Monday, November 08, 2004

DJIA daily chart 08-Nov-04


The market paused today, with an "inside day" bar (the high was lower than yesterday's high and the low was higher than yesterday's low). This looks like a topping pattern for this move and the CCI and Stochastics seem to confirm this. If I were trading, I would wait to make a move and the next move looks to be down.

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