Thursday, June 02, 2005


The DJIA was nearly unchanged today, finishing up almost 4 points. I still think the market is ready to roll over. Since it didn't do that today, I expect a nice down move tomorrow. The indicators are overbought and except for the proprietary moving average, everything points lower. If you look to the uptrend on the left side of the chart, there was another time when the moving average dipped, went up a little then dropped. All in all, I'm looking for lower prices--and soon.

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