Comments (June 1st, 2003): The Dow Jones Industrial Average closed Friday at 8,850.26 up 139.08 points on the day. I have been writing about converging trendlines on the Dow Jones Industrial Average 'INDU' that I believed would force either a move to the downside or upside since late April. While I did not think it would take as long as it did for us to see a clear breakout from these converging trendlines, they finally broke through them on April 27th with a move of 179.97 points to the upside on heavier than normal trading volume, closing at 8,781.35 on for the day. The follow through on this move during the remainder of the week leads us to believe this a clear break to the upside with the Dow Jones Industrial Average test the 9,053.64 level and possibly a test of the 9,500+ level in the near future.

Today's Opinion: Closed @ 8,850.26 Current Expectations: Called higher on May 27th with the close of 8,781.35 The Dow Jones Industrial Average 'INDU' should move higher and test 8,931.68 and then 9,053.64 on a closing basis.