Thursday, December 09, 2004


Well, an outside day and a reversal day at that. Does this change my prediction of 10280 for a target on the Dow. No, at least, not yet. The bar is still red, the shorter proprietary moving average is still pointing south, but tomorrow will tell. If the prices go higher than Monday, we'll reevaluate, otherwise we'll look for a break below yesterday's low. Tomorrow should tell the story of the next few sessions.

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