Tuesday, September 4, 2007

Dow at 50 Day Moving Average

The DJIA closed right on the 50-day MA today. If it can follow through, I think it could make it to 13,700 within the next week or two. The 50-day MA is flat, and it could act as resistance - so we may actually see a drop. We're kind of at a crossroads here. I think you could make bets either way.

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