Friday, January 21, 2005


The DJIA went down 165 points this week. Another 180 or so, and we'll reach our daily target or 10210. Note that the price bar is now red, as expected, predicting further lower prices. The stochastics indicator is definitively downward in slope and the short term moving average is pointing south as well. No way to predict a weekly price target yet, but as I expect lower prices next week and then probably a pause, I should be able to predict prices either next week or the week after from this chart.

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