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11/2/2005

 

 

Advancing volume indicators for both NASDAQ and NYSE look overbought.  A correction in the market 

might be in the making for tomorrow.  These indicators are usually rather reliable and working in favor

about 70% of the time.

 

This is not a trade recommendation and no one should treat it as such.

 

11/3/2005

 

NASDAQ 2160.22 Up15.91(0.74%)

DJIA 10522.59 Up49.86(0.48%)

SP500 1219.94 Up5.18(0.43%)

 

Well, I didn't take into the account the government report that was due out today.  The reading on productivity

jumped to 4.1 annual rate vs. 2.6 expected rate.  The surprisingly high reading led to a surge in the markets,

thus making the indicator forecast incorrect.