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Thursday, October 12, 2006 

Dow Passes 11900 !!! Buuullllllssssssssss

Chart courtesy of stockcharts

The Dow Jones Industrial Average closed up 96 points at 11,948.
Buy ! Buy ! was the word on the street, markets continue very strong even trading in Overbought conditions.
Stocks pushed higher again today after some positive corporate news, the world's largest fast-food McDonald's Corp "MCD" said its third-quarter profit would top Wall Street's expectation. Dow is only a 52 points of 12000 !!! Tomorrow perhaps it'll passe.

That's All. Have a nice evening.


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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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