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.
Tag Archives: Dow
INDU going to try previous high again
Dow Jones Industrial is marching again to retest the previous high @ 11, 709. Will we see 12,000 this year? There’re still more than three months remaining for 2006.
Swing back to overhead resistence
Dow Jones moved back to the resistence level. As the war in the mideast is still lingerling around, there’s no much room for futher move up from here.
War to end based on market reactions?
The market is looking for direction. Maybe the war is close to an end?
Dow Jones Industrial has reached the previous low. We should see some bounce unless some really bad development continues in the mideast.
War effects
Obviously the latest development in the mideast has caused some concerns on the market. Along with other major indices, Dow Jones Industrial lost ground and it looks likely that it will retest previous low again.
Consider it a potential buying opportunity.