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THE CHART ROOM


johnyholiday

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The DJIA is not much more than a psychological indicator of what people (including Dow Jones editors) think the stock market should be. The DJIA tested the magical 11K mark several times before finally getting up enough steam to stay across the line.

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Looking at a daily chart of the last 5 years is virtually useless, but a monthly one shows that the major indices are in a steady bull market (with rising on-balance volume) ever since the spring 04 bottom. A couple of weak down days are certainly in order here for the DJIA, more I think for the SPX, but I dont think these will be real tests (expect to see volume fall off as market weakens temporarily)

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$18 billion in 8 minutes{anomaly}, will the can do no wrong's, become

screw up's, CFO's goof up during market hours,they don't know their

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phenomenal company so far,,just food for thought, this is whats know as a "sexy

stock"

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Forget US stocks, have you seen the Arab stock markets they are in a widely inflated boom! Do they have exchanged traded indexes and/or options?[:o]<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

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