stablevalue.com

Crash tomorrow???

btr — Tue, 22 Jan 2008 00:57:00 -0600

US market was closed due to the MLK holiday but the other markets in the world had closed down a lot from 5 to 7%. Asia markets are down more than 5% the second day. How will the US market react? Unless it’s prolong decline, it might be a buying opportunity. But be carefuly the old saying “don’t catch the falling knife!”.

Dow Jones Industrial will break the 12,000 support for sure. Next support is 11,500.

Be careful tomorrow!

INDU reaching support area

btr — Mon, 26 Nov 2007 20:23:00 -0600

Dow Jones Industriral is moving towards its support areas. The first one is around 12,700 and 2nd one is above 12,500.

It's getting ugly now

btr — Fri, 03 Aug 2007 21:49:45 -0500

The reversal we were talking about came after all.

13,000, well a round number, is the major support. We will see if Dow Jones can hold itself, but the drop today is ugly.

Dow to reverse?

btr — Fri, 06 Jul 2007 21:55:00 -0500

It’s forming a triple top, likely reversal?

However, QQQQ broke out but the lighter than average volume makes the breakout less convincing.

Dow Jones Industrial approaching previous high

btr — Tue, 17 Apr 2007 00:00:00 -0500

It will have to test the previous high first. We might see a breakout from this ascending triangle. So the resistence is at 12,845 and then 13,000 if it breaks out.