DJIA Daily Wed 01-Dec-2004

Having a problem uploading the chart today. Needless to say, my prediction of the market accelerating to the downside was WILDLY WRONG! I told you I'd be honest and not cover up my errors. The market went up 162 points today. The only question is, does this represent a last gasp upward, or not? If it breaks above the high of this last swing and stays above it for a day or two, then the market is going higher. If it just tests that high, possibly just going beyond it, the market will tumble in a big way. I expect some follow-through to the upside, at least at the open on Thursday. If the market were to have a reversal day tomorrow, again, it would be quite bad for the DJIA.