Weekly DJIA through 18-Apr-2005

The DJIA went up 70 points this week, but like the man with one hand in the fire and one hand in ice water and said to feel average, the market caused pain for both longs and shorts this week. According to this chart the market should go lower and I think this larger trend is keeping the lid on any daily rallies or daily up trends. The market might pause next week, even going up a little more, but the daily prices might go up a bit during the week.