Wednesday, May 28, 2008

If you are a chart follower .

Then you'll have good reason to believe that the Dow Jones may move higher in the weeks ahead.

After the 676-point sell off last week, the Dow now looks oversold. The last two times this year that the Dow was this oversold, it went on to rally over 1,000 points. But beware, the economy is weak.

Any bad news could kill the rally before it gets underway. So pay attention to your stops.

No comments: