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Richard's Remarks

 

Well, we got through the first week of October all right. And I'm still waiting to see if the Dow can close at a new unconfirmed high, which would be just above 13,596.93. Does the Dow have a mysterious brain, and does the Dow, with its extraordinary way of thinking, not want to record an unconfirmed new high? It almost seems so. Ah, it's just one of the fantastic mysteries of the market. Day after day the Dow flirts with a potential new high -- then it thinks better about it, and sells off, which is what it did yesterday. The Transports closed up 43 yesterday, but at a close of 5012.71 they are still far from confirming (a confirmation would require the Transports to close above 5285.97). Frankly, I can't remember dealing with a weird situation like this before. Strange, we're waiting for new highs in the Averages, and at ... Log in or subscribe to continue reading.


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