Monday, November 23, 2009

Market Forecast

Stocks have been performing quite well lately and we have been reaching new highs day after day. Some stocks though have run up too far too fast and are due for a small correction. Below I have a chart of the Dow Jones Industrial Average and I've outlined the pattern that is being formed, and a very rough forecast of where it is expected to go in the next week or two. I suggest that it's time for taking some profits and raising some cash for when the market as a whole goes 3-5% lower..

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