The market has made a really nice move up the last 2 weeks with most Indexes gaining between 2% / 3%,,,,, not bad at all... The NYSE broke out too new yearly highs mid week and was still moving up nicely Friday. The S&P has added about 35 points this week and "looks" like it may make a try for new highs also time will tell. Depending on wheather you use candles, bars, or closing price line like I do, the S&P could reach the 61% retrace around the 1250/50 area.
The DOW has made close too a 2% move the last two weeks and just barely broke above the down trendline on Friday's nice strong move. Don't have the Fib's on the Dow but it is nicely above the 61% retrace from Mar. 2000 highs. Looks like it will be another interesting week too see if the rally can continue.... All the best trading too everyone....
SPX & DOW (2 charts 9/10)
Started by
samsung
, Sep 10 2005 03:09 PM
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