Wednesday, March 09, 2005


The Dow started it's downtrend I think with a 107 point drop today. The stochastic indicator dropped to 79, below the 80 level which is the first part of the signal for my new system. The other confirmation is for the 33 day moving average (the purple line) to turn down. It's still up on the day, but another down day like today and it will go down. Is there any more life in this uptrend? Odds are that it's over.

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