Saturday, February 12, 2005


The Dow closed up 46+ points and reached our target of 10825, going as high as 10829. Is this it for the uptrend, then? Well, now it looks like the market might go quite a bit higher, to 11100 or so. The weekly chart, above, confirms the move has some room to go. If I was in the market and didn't exit at my target, I'd stay in with a close stop below the market and ride it up another 300 points which I believe still remains in this move up.

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