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DOW Under 10k : Here we go again
Message
From
30/06/2010 18:14:10
Hilmar Zonneveld
Independent Consultant
Cochabamba, Bolivia
 
 
General information
Forum:
Politics
Category:
Other
Miscellaneous
Thread ID:
01470948
Message ID:
01471128
Views:
40
>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!

I remember when it was first expected to rise above 10K, there was some speculation about problems similar to the Y2K - in the sense that some computer systems were not programmed to handle more than 4 digits for the DOW.
Difference in opinions hath cost many millions of lives: for instance, whether flesh be bread, or bread be flesh; whether whistling be a vice or a virtue; whether it be better to kiss a post, or throw it into the fire... (from Gulliver's Travels)
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