For a while today, it looked like my prediction of a big down day today in the DJIA would be spectacularly wrong. The Dow was up more than 100 points at one time, but closed up only 16 points. Not a down day at all, but the indicators continue to drop (excepting the CCI). The market may continue sideways movement, but I still favor a big down move, if the market moves in any one direction.
Tuesday, June 07, 2005
For a while today, it looked like my prediction of a big down day today in the DJIA would be spectacularly wrong. The Dow was up more than 100 points at one time, but closed up only 16 points. Not a down day at all, but the indicators continue to drop (excepting the CCI). The market may continue sideways movement, but I still favor a big down move, if the market moves in any one direction.
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