Thursday, May 29, 2008

On its way to second target...

We got the steep rise today. A higher target is anticipated now. First 645 then perhaps higher. The upper resistance line is at 660 which is a long way to go. But today's action put the market back in short term up trend. There is a flurry of economic data tomorrow morning and is always interesting to see if the market will shrug off any bad news to continue its near term up trend. Tormorrow's numbers are 643, 638 and 634.

2c

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