Trading should continue to vacillate in a tight range until the Fed report is released tomorrow afternoon so there is not much to say until that event has passed.
I am working diligently on the new newsletter, particularly the new model portfolio based on EFTs (stocks only). I apologize for the short post. I will be back (maybe in the morning) tomorrow with the regular post.
RSI Wilder (5) for October 24, 2006
- SPY - 88.8 (very overbought)
- DIA - 87.8 (very overbought)
- IWM - 61.4 (neutral)
- QQQQ - 55.7 (neutral)
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Andrew Crowder, Chief Investment Strategist, Crowder Investment Research, LLC