Opinions from a stock market trader.
Disclaimer: The contents in this blog are purely for entertainment and educational purposes only. They are not investment advice. Use them at your own risk.
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Wednesday, November 11, 2009
Continue To Be On The Alert
Today the DJI closed with another new rally high at 10,291.26. Although this time the SP500 did sneak in a new high by closing at 1098.51, 0.60 point above the previous closing high of 1097.91 made on 10/19/2009, and the Nasdaq 100 continues to close at a new high along with the DJI. But the DJT, NYA, and the Russell 2000 continue to lag and failed to close with a new rally high. Until the DJT and NYA confirm DJI newer high, I will remain to be on the alert for potential downside reversal.
Here are the updated charts showing the latest closing level: