Thursday, October 05, 2006
Updated Wednesday, 10/4 for Thursday's market
| Key DOW Levels for 10/5 | |
| UP | Above 11,900 |
| DN | Below 11,700 |
Big Continuation
- Dow breaks through 11,750, races out to big gains. The index got a big upside break through 11,750 and rallied to a huge 123 point gain to shatter the prior day's all-time intraday and closing highs.
- The NASDAQ and S&P each rallied sharply from early lows this morning, sparking huge gains to the Close. Look for continuation patterns to form at the highs ahead of the next key move.
Summary
The Dow pushed steadily higher throughout the session today and flew through 11,800 en route to a huge day. Look for the index to either pull-back or consolidate at the highs while it regains its energy for the next move.
- The NASDAQ and S&P each rallied sharply from early lows this morning, sparking huge gains to the Close. Look for continuation patterns to form at the highs ahead of the next key move.
Summary
The Dow pushed steadily higher throughout the session today and flew through 11,800 en route to a huge day. Look for the index to either pull-back or consolidate at the highs while it regains its energy for the next move.
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