Thursday, September 30, 2004

Stocks in sideways movement

The stockmarket closed today with the indexes closing mixed. Dow was down on the big drop of Merk, but Nasdaq was up on the strength of Technology stocks. But Nasdaq wasn't up much indicating that there's some selling pressure in some of stocks expect semiconductor.
Tomorrow we will see if Nasdaq can maintain the upswing it had for the past couple of days. If not we will see more down days . If the market can create some upside momentum there's a chance that the Market make a good upside drive to meet the old highs before topping out.

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