Thursday, July 19, 2007

Dow 14000

Dow 14000 may mean something to those round number folks but to traders other than the "always long" crowd, who cares. More importantly, is there anything in the price activity of the stock indexes that might indicate a pending price bolt or a price roll-over? Models currently
reveal a drag pattern which usually starts building approx. ten days out. Look for the markets to expand on gains but be anchored to sharp reversals thru the week of July 28.