stablevalue.com: Category Index

Dow Jones Industrial Down More than 200 points

btr — Thu, 21 Jan 2010 20:48:01 -0500

As expected in the last post, it reached the resistance level and came down in a big way.

INDU Pullback?

btr — Mon, 07 Sep 2009 21:05:41 -0400

Dow Jones Industrials has completed another leg of up trend building since last pullback to 8100.

Current resistance at 9600 has not been broken. A pullback to 8800 is likely if it fails to break out 9600.

However, if 9600 is taken out, the next resistance is 10,750!

Dow Jones Industrials Retreated

btr — Wed, 13 May 2009 21:46:00 -0400

It’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’s watch closely as overall it’s oversold at this point. The V shape bounce needs some time to consolidate even we’re entering a new uptrend.

The next support is 7500, which is previous low before this last leg down.

Dow Jones Back in 8100 level

btr — Thu, 30 Apr 2009 21:52:07 -0400

Dow Jones Industrial has climbed back over 8100 level.

It has approached the downtrend line very closely. Although there’s a chance for it to break the downtrend line, but before it happens, I’d rather to sell into this strength to build more cash position.

Dow Jones Broke Down

btr — Tue, 24 Feb 2009 00:13:00 -0500

Dow Jones Industrial has broken its major support around 8000. There’s no clear support but some round number at 7000 or 6000. 5600 is a support.

Where will the market go from here? Not sure but we can try to read the market and right now it’s going south.