AI
Friday, May 05, 2006 12:46:54 PM
On the weekly chart, the Dow is right at the top rail of the regression channel and has been overbought now for 5 solid months.
I am tempted to take the money and run here. It's been a nice run, don't want to push my luck.
I suspect we'll see a pullback in the Dow as money rotates into the techs. The tech indices have a ways to go before they see the top rail of their regression channels, and the Dow has been leading. Probably we'll see the baton get passed here.
I am tempted to take the money and run here. It's been a nice run, don't want to push my luck.
I suspect we'll see a pullback in the Dow as money rotates into the techs. The tech indices have a ways to go before they see the top rail of their regression channels, and the Dow has been leading. Probably we'll see the baton get passed here.
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