Friday, January 28, 2005


Although the Dow dropped 40 points, the price bar turned green today. However, my statement yesterday still holds, if the market breaks the low of (now) four days ago, the market will continue lower, otherwise, it will shoot up. The weekly chart, above, still shows a red price bar, even though the market was up on the week. I thought the market would hit our target of 10210 this week. It didn't and based on price action, might not. A lower market on Monday would validate our prediction, otherwise, look up.

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