friday after thursdsay, page-8

Yet to do EOD analysis but a few observations.

I think there is a degree of relief in the SPI close as we didn't collapse.

I am no great believer in Dow theory. The claims were made the other day that DJTA joined DJIA on the upside and all was well with the world.

My memories are that often when this happens it is actually a turning point the other way.

However DJTA did exceed a triple top in a small way and the closes since are holding above the triple top closes so it is still constructive.

Many individual stocks look positioned for a bounce at least but is it the index or stocks that win?