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Richard's Remarks


I'm still slightly zonked after yesterday's session. Everything was coasting along nicely when Google's report was mistakenly released during the session (it was supposed to be released after the close). So instead of rallying to a new high, the Dow ended the session down 8 points. But just to confuse the issue, the Transports closed up 7. So today we find ourselves in the position of waiting patiently for the close -- to see whether the two Averages have the strength to close at new highs for the move.


OK, I'll have to admit that this thought occurred to me -- Was the strange and mistaken Google announcement an "act of the gods of the market"? The Google announcement certainly came at a weird and inopportune time.


Oh well, if the Industrial and Transport Averages are meant to break out to new highs, they'll do it, not at our convenience, but only ... Log in or subscribe to continue reading.

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