Thursday, November 11, 2004

DJIA daily chart 11-Nov-2004


The bars are still green signifying an uptrend. However, I predicted based on the indicators below the price bar chart and because we are beyond the target we predicted earlier, that the market was topping and would go down, at least for a while, if not longer. It hasn't happened yet. I still think this is a topping pattern and expect a down move any day now. What we convince me the prediction is wrong? Certainly a close above 10600. We'll see how the Dow moves tomorrow and have a weekend update on the market.

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