Thursday, January 13, 2005


As expected, the Dow closed down today, 111 points down. The market reporters said it was because GM came in with lower than expected results for last quarter. I didn't know, or expect GM to report as it did and even so, GM's report may not be why the market closed lower. Technical analysis of the type I do predicted lower prices--I didn't need to know any "fundamental" market reasons for it. Looking toward the 10375 target which we'll probably make on Monday.

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