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  • pmlljl pmlljl Feb 18, 2006 7:52 PM Flag

    Technical Analysis

    Following is an excerpt from a market letter,InterMarket Update by Pring Research printed in Barron's, February 20, 2006.

    "Feb. 15: Tuesday's action [when the Dow rose above 11,000], on expanding volume, suggests there is a good chance that the final rally of this bull market may well be under way. The Dow Jones Industrial Average was threatening to complete a "butterfly" head and shoulders top. Butterflies develop when the neckline forms a pair of wings...However, the index is now above the right shoulder and this could well indicate that the pattern will fail."

    My advice is that you should take the above technical analysis for what it is worth and act accordingly.

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