stablevalue.com: Tag INDU

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!

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.

2006 Year end review

btr — Sat, 30 Dec 2006 13:25:00 -0600

In 2006, RUT performed the best followed by INDU and S&P 500. QQQQ recovered the 10% loss from the mid-year and ended up more than 5%.

Both QQQQ and RUT are in the overhead resistence levels, only INDU and S&P 500 broke out. INDU is at all-time high and S&P 500 is about 100 points away from its all-time high.