stablevalue.com: Tag DowJones

Melting down ...

btr — Thu, 09 Oct 2008 22:18:00 -0400

The melt down continues. We have broken 9000 level. Looking back 10 years, the support level is around 7500.

Dow Jones Industrial Average is at oversold condition, but with current credit crisis still spreading and running its course, any technical bounce is possible but would not last long.

Unless you have significant cash positions, wait in sideline. Cash is king in this juncture.

Crash tomorrow???

btr — Tue, 22 Jan 2008 00:57:00 -0500

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!

Uptrend broken

btr — Wed, 28 Feb 2007 22:16:00 -0500

Dow Jones Industrial has broken its uptrend line. It will likely test the major support area at 12,000.

Tuesday’s big drop was the first in a few years.