Weekly DJIA through 20-June-2005

The DJIA went down 325 points this week, more than 2/3 of that just on Thursday and Friday. The price bar is still green, but will turn red next week. It looks like at least a 3-4 week downtrend in the market. The proprietary moving average, it should be noted, turned down this week because of the price movement.

As noted in the last post, I'll be away from the PC next week, but I'll be thinking about some new ideas and indicators, which will augment what already is a pretty good, but not great system. Let's see what comes to my mind in the country while I relax from my normal routine.