Saturday, February 12, 2005


An interesting change occurred on this chart after this week's price action in the DJIA. With just an 80 point upward move, the price bar has turned green, and the stochastic indicator is back near the 80 line. More evidence that the market, instead of peaking this week as I predicted, still may have another 300 points or so until this upward swing is exhausted. That would mean a very good week, so I'd expect it to take a couple weeks to achieve this target (11100). Let's see if we go straight up from here.

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