After all the anticipation, the markets formed another doji on the daily charts, indicating indecision. This is quite common at market tops when the bulls and bears battle it out.
I'm looking at the indexes moving more or less sideways for the next 1-3 days. I'm not expecting the Dow to move any higher than 10450. The doji yesterday had done nothing but postphoned the market reversal to a later date.
Tuesday, February 23, 2010
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