Friday, October 29, 2004

DJIA daily chart ending Fri 29-Oct-2004


The market closed up ~23 points today, not a lot of movement toward the target price of 10312. I guessed that the target would be reached by Tuesday, Election Day. However, unless Monday is an almost 300 point up day (Bin Laden's capture, anyone?) the target doesn't seem reachable by the close of business on Tuesday, but we'll see. I don't think a move up to 10312 would indicate any possible outcome for the U.S. presidential election, if the markets don't like the winner the market could tank after hitting the target.

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