Sunday, February 06, 2005

Weekly DJIA through 31-Jan-2005


The Dow was up 289 points on the week, but with the continued overbought condition, I think the current upward move is about to end around my 10825 target. Next week should see this level reached and then start to fall from there. How far, if my scenario is correct? I'm unsure until I see the market action and find an "indecision" point with which to measure a target price for the drop.

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