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DOW Under 10k : Here we go again
Message
De
30/06/2010 17:43:13
 
 
Information générale
Forum:
Politics
Catégorie:
Autre
Divers
Thread ID:
01470948
Message ID:
01471124
Vues:
43
>>Today appears to be time to test the lower end of the range. Back in Feb the DOW dropped briefly to 9835, then in May and early June, the DOW tested that low 3x intraday at 9869, 9774 & 9757 with the 1st 2 closing above 10k and the 3rd above 9900 before rising above 10k 2 days later.
>>
>>We're currently sitting at 9854.
>>
>>The next couple weak supports are at 9675 & 9430, then there's the fib retracement level at 9300. Following that the next strong support level lies at my 8k prediction.
>>
>>Enjoy the ride!
>
>We closed today at 9774 with an intraday low of 9753. Those are nearly the exact intraday lows from early June. We are oficially testing the low end of the trading range.

Why would YOU care {g}

On Tuesday, March 11th, 2008, somebody — nobody knows who —made one of the craziest bets Wall Street has ever seen. The mystery figure spent $1.7 million on a series of options, gambling that shares in the venerable investment bank Bear Stearns would lose more than half their value in nine days or less. It was madness — "like buying 1.7 million lottery tickets," according to one financial analyst.
But what's even crazier is that the bet paid...

{...270 million ! }

Have fun;
http://www.rollingstone.com/politics/news/12697/64824
*****************
Srdjan Djordjevic
Limassol, Cyprus

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