
As predicted yesterday, the Dow closed lower, 55 points lower, in fact. If today was an indecision day, the target for this upmove would be 11000, about 300+ points from here. I still can't bring myself to think the market will continue to move higher. I don't place much regard to volume, but today was a higher volume day then we've seen recently. The fundamental reason (excuse) is that funds are locking in their yearly gains now. I don't know if that's true or not, and really no one does, but yesterday might have been the high for December. I don't think we've ever seen a big sell-off around Christmas, and unless there's a dramatically bad event, I don't think we'll see one this year either. The Dow will probably just move a little each way next week.
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