Present and Probable Market Direction
17 February 2025
The market remains in correction mode although we have seen recent gains in both the Dow Industrial Average and the Dow Transportation average. The Dow Industrial Average approached new highs and couldn’t break through. It has been moving sideways since. The Dow Transportation Average has formed an near term bottom but has not cleared the intermediate term high to indicate a trend reversal. Stand fast is still the word of the day concerning the market.
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