The Dow tumbled 103 points today and with the proprietary moving average turning downward, I now think the market will go down some from this point. The stochastics indicator never made it to the overbought area, above the 80 mark, so I think the down move won't last long before a final push up--taking the indicator into that overbought territory.
Tuesday, May 10, 2005
The Dow tumbled 103 points today and with the proprietary moving average turning downward, I now think the market will go down some from this point. The stochastics indicator never made it to the overbought area, above the 80 mark, so I think the down move won't last long before a final push up--taking the indicator into that overbought territory.
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