Tuesday, October 31, 2006
Daily Market Commentary
Updated Monday, 10/30 for Tuesday's market.
Winding Up...
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Updated Monday, 10/30 for Tuesday's market.
| Key DOW Levels for 10/31 | |
| UP | Above 12,125 |
| DN | Below 12,050 |
Winding Up...
- Dow sells off from highs to begin session, ends day with steep decline. The index closed the day with a negligible 4 point loss, but is now winding up within a clear triangle pattern that could spark movement tomorrow.
- The NASDAQ and S&P each recouped the day's early losses and are now winding up within clear technical patterns. Watch for a breakout for the next key move.
Summary
The Dow closed the day flat in terms of points, but could be gearing up for a big move out of the clear triangle pattern. Watch this pattern for the next key directional move.
- The NASDAQ and S&P each recouped the day's early losses and are now winding up within clear technical patterns. Watch for a breakout for the next key move.
Summary
The Dow closed the day flat in terms of points, but could be gearing up for a big move out of the clear triangle pattern. Watch this pattern for the next key directional move.
Read More...
