The S&P 500 closed at a new 3-year high on Friday, signaling that the primary up-trend has resumed. This could still be a marginal break, however, with the tall shadow and strong volume at  signaling resistance. A rise above the high of  would dispel this. …Note how the Google ads generated by this entry crowded out all the others. I guess the investment people bid a lot to get their ads placed.
The most likely scenario is that the Dow continues to range between 10000 and 11000 for some time.
Saturday, July 16, 2005
Stock market technical analysis
My favorite technical analyst says