Monday, November 22, 2004

DJIA Daily Mon 22-Nov-2004


Today's price bar on the DJIA was red, indicating a downtrend, at least temporarily. However, the market closed up 32 points on the day. Is this a quick reversal day? (A reversal day is a price bar, in a downtrend that's lower than the previous low, yet closes up on the session). I think we have more to go on the downside, but how much I can't predict until we see the almost inevitable mid-point inside day or small range day.

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