Thursday, February 10, 2005


Instead of continuing down, the Dow closed up 85+ points today. The bars are still green, the stochastics indicator still pointing NE and the target of 10825 is easily reachable tomorrow. Will it hit the target then drop and continue up on Monday. I think the market is very long in the tooth for this swing. My guess is that the market will push up higher in the morning, then close near unchanged by the end of the day. I don't expect much follow through, but think one or two more up days might be all we have left before a down move in the DJIA.

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