chicken little might get it right next week
Gann says "Well the Dow cleared resistance OK, however Friday was option expiry and normally on Monday it will lose what it gained today.
If next week the market can hold 10,700 I will be going long."
Here is what a yank trader says
All three major stock gauges have gained for four weeks in a row. After such a run, stock investors may need a breather.
"I wouldn't discount the likelihood that next week will be flat to lower," said Tom Schrader, managing director of U.S. equity trading at Legg Mason. "It's a holiday week, volume will be light, and after four up weeks we'll need a pause."
All financial markets are closed for Thanksgiving Thursday. Markets will also close early Friday. The Treasury bond market also closes early Wednesday.
DOW Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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