Thursday, August 16, 2007

It's a Start

The DJI did some important work today and traded up from April price area mentioned in prior posts. Technicals indicated big time buying that was well beyond short covering. Tomorrow the markets will start to defend todays action and try to build a base through next week and ultimately try to reclaim some ground in the September to December period.
SP500 came up to this morning's post resistance but NQ lagged way behind.