There is a Quadruple Expiration Day Friday March 16, 2007.
This could help to keep the markets in an upwards moving direction.
However caution is definitely pertinent!
(Click charts to enlarge)
DJWI, pause and go....
DJ Europe consumer goods index...
Closed slightly above 50ma. If it fails to hold we might want to reconsider the double top scenario...
DJ electronic & electric equipment index...
LIZ, unable to get back above the neckline...
RSI moving into oversold but probable double top with a first target around the 200ma.
Let's give it another chance to overcome the neckline...
Watching stops and overnight long positions.
In a fast moving market stops fail to hold!!!!
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