Thursday, June 16, 2005


Another 12+ points in the Dow today. Tomorrow is a key day I feel when the market will either decline or decide to get more overbought and make a move up. Let's see how this plays out. If you look to the left of the chart, about seven months ago, you'll see a similar situation with quite a few price bars bunched together in a horizontal range, then a move up for about three weeks. All that happened with a market that was very overbought, like this current one is. A move up isn't unprecedented.

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