Saturday, April 09, 2005

Weekly DJIA through 4-Apr-2005


Although the weekly DJIA closed up 57 points, all indicators still point to lower prices. The price bar is still red, the moving average, CCI and Stochastics all are going south currently. How does this square with a belief that the daily market is going up? Well, the up-move either will be short-lived, or the weekly market indicators will turn around quickly. They won't stay out of harmony for long.


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