Slightly down day on Wall Street, as the DOW was down 22 to 12,735, the NASDAQ was down 13, and the S&P was down 8.
The DOW had been up as much as 85, and surpassed my 12,800 target at 12,842. Now that the market has pulled back after eclipsing this target, it's possible we will see a significant correction. However, there is the chance the market will try for the 52-week high, or the 13,000 level first. The RSI is back below 70 (67.64), so it is not out of the question. I think tomorrow is the key day.
Bull Market
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Flag Raising on Iwo Jima, February 23, 1945
Rosenthal, Joe
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I have been investing for 18 years and have a degree in Finance from U of MD. I am a former Registered Investment Advisor.