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January 27, 2003
The primary trend is down.
The Nasdaq Composite lost 1.2% to close at 1325. The next major support level is at 1200.
The primary trend is up.
The S&P 500 closed down 14 points at 847 and appears headed for a re-test of support at 768.
The Chartcraft NYSE Bullish % Indicator is at 54% (January 24).
UN chief weapons inspector Hans Blix reports to the Security Council that Iraq is resisting efforts to disarm it: "Iraq appears not to have come to a genuine acceptance, not even today, of the disarmament which was demanded of it." (more)
New York: After peaking above 373.00 spot gold had retreated to $US 369.40 at 16:00.
For further guidance see Understanding the Trading Diary.
but if he has a university education, he may steal from the whole railroad.
To educate a man in mind and not in morals is to educate a menace to society.
- Theodore Roosevelt.