Tuesday, March 01, 2005


March started with a 67 point up day in the Dow; an inside day, with the high and low of the day within the high and low of yesterday. The level of 10830 or so seems to be a massive resistance level. Should the DJIA pierce that level it may go a lot higher. I doubt it. I think this is a last gasp of the bulls before a big down move.

From 10583, our signal has lost 243 points. (-243 points)

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