Saturday, June 18, 2005

I was wrong about the stock market

Two months ago, in Stocks Plunge to Lowest Point Since Election I wrote that the stock market was tanking. After all, the dollar was vulnerable due to our massive deficeits (fiscal and trade), oil was at record prices, and IBM was seeing sluggist sales. That doesn't seem to be the case. At the end of that post, I also suggested that the market may just be in a rut between 10,000 and 11,000 on the Dow. It currently seems to be moving toward that upper limit. We'll see what happens when it gets there.

A guy who writes a free weekly technical analysis is Colin Twiggs at Incredible Charts: Stock Trading Diary.

2 comments:

abigail said...

Excellent discussion on currency trading. I bookmarked your blog. I have my own currency trading blog if you want to take a look.

sarah said...

Great job on your talk on currency trading. I have a currency trading secrets blog if you wanna swing by my place!