The Dow went down again, 45 points this time in today's market action. The indicators are overbought still, of course, but today there was a slight dip in the proprietary moving average. I like to see if the market goes down or up tomorrow--I'm not entirely convinced that the uptrend has ended. Before a holiday (Memorial Day on Monday in the U.S.) the market usually goes up in lighter volume.
Wednesday, May 25, 2005
The Dow went down again, 45 points this time in today's market action. The indicators are overbought still, of course, but today there was a slight dip in the proprietary moving average. I like to see if the market goes down or up tomorrow--I'm not entirely convinced that the uptrend has ended. Before a holiday (Memorial Day on Monday in the U.S.) the market usually goes up in lighter volume.
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