Saturday, February 26, 2005


A 56 point up week in the DJIA continues the market's uptrend. With the stochastics at 92 & 87, it indicates that the Dow is very overbought. The dip we saw a few weeks ago could have been a false one, or what I think, the current uptrend is a last attempt to go up. Soon the bulls will give up and the bears will take over. It could happen this week or next.

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