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Elliott Wave Theory Analysis Elliott Wave Theory Analysis: CNBC.com Dow's glide to 11,000 looks smooth

Saturday, December 17, 2005

CNBC.com Dow's glide to 11,000 looks smooth

NEW YORK (Reuters) - Investors will sort through data on housing, durable goods and inflation plus earnings from companies like FedEx Corp. and Morgan Stanley next week, but none are expected to pack enough punch to undo the year's gains and derail Dow's push toward 11,000.

And as usual, the market will keep a close watch on the price of crude oil, which closed solidly below $60 a barrel on Friday, easing concerns that high energy costs will pinch corporate and household budgets.

click here to read article.

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