The Dow closed up 56 points today. The price bar is still red, but the market continues to be very, very oversold. That condition can continue for a while, as we saw an overbought condition go on for quite a time. As the price bar is basically to right of the last two bars, this still could indicate a price target around 9725, or so. Tomorrow should be sideways or down again, I think.
Tuesday, April 19, 2005
The Dow closed up 56 points today. The price bar is still red, but the market continues to be very, very oversold. That condition can continue for a while, as we saw an overbought condition go on for quite a time. As the price bar is basically to right of the last two bars, this still could indicate a price target around 9725, or so. Tomorrow should be sideways or down again, I think.
0 Comments:
Post a Comment
<< Home