Thursday, June 23, 2005


The Dow tumbled 166 points today starting what I believe will be a significant decline in the market. I was looking for more sideways movement, but cautioned yesterday that uptrend was running out of time. I think it's safe to say that "time" has run out. Any possibly bad news will cause breaks in the averages, unlike what has been happening where bad news didn't faze the DJIA.

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