The Dow exploded upward, 206 points by the end of the day. Although it's again "almost" a sideways bar, as I said yesterday if the market didn't go down today, I expected the bottom to be in and the market to turn upward. The Stochastics are going up toward 20, but the proprietary moving average made a sharp "v" today going upward. There should be good follow through upward in the market tomorrow.
Thursday, April 21, 2005
The Dow exploded upward, 206 points by the end of the day. Although it's again "almost" a sideways bar, as I said yesterday if the market didn't go down today, I expected the bottom to be in and the market to turn upward. The Stochastics are going up toward 20, but the proprietary moving average made a sharp "v" today going upward. There should be good follow through upward in the market tomorrow.
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