Friday, May 20, 2005


A 21 point loss in the Dow closes the week, but today's bar looked like a bar of indecision. This could indicate a halfway point of this upmove. I would measure it to a target price of 10880. There is more upside and I expect that the target price might be reached next week. That's a 400 point week, so it might take a until the middle of the Memorial Day week to reach the target. The stochastic fast (red) line crossed over the 80 mark, the overbought area.

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