http://www.stablevalue.com/articles/2009/05/13/dow-jones-industrials-retreated en-us 40 a blog on stock market and things of interest <p>It&#8217;s down more than 180 points. If the current uptrend line is broken, the first support is at 8000-8100 level, which could become a good base to build some long positions if the worst is over. Let&#8217;s watch closely as overall it&#8217;s oversold at this point. The V shape bounce needs some time to consolidate even we&#8217;re entering a new uptrend.</p> <p>The next support is 7500, which is previous low before this last leg down.</p> <p><img src="/files/indu-2009-05-13.png" /></p> Wed, 13 May 2009 21:46:00 -0400 urn:uuid:70bc2a70-6ac6-48e5-91dc-f49af105779c btr http://www.stablevalue.com/articles/2009/05/13/dow-jones-industrials-retreated Mutual Funds Trading Stocks Index http://www.stablevalue.com/articles/trackback/551