Click on Image to Enlarge
Sunday, August 2, 2009
INDU Daily Target Update 4
Click on Image to Enlarge
Price came up a bit short of the 7910 support level with price actually bottoming at 8087 as projected in previous post - https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgkcoLQyPBt1l_t-tXu0XHv_4Hja-259zGw3hCUYsQ_71Lf-I-N6wVl_dOUdlLRsgR1rLXKcusiKnc97Oie1YIpVFzUEsFdkBcWExh92WiWak1EWmnDtA_b0tSmXSHe82l7qrknz8p0-laD/s1600-h/Dow+Jones+Correction.jpg
However, the rally to the projected price high still did occur. 9321 was the Dow target and the actual high came in at 9321 on 08/04/09. There exists a possibility of an additional rally up to 9473 but this is not certain. The immediate downside target for the Dow is 8850. Following a break below 8850, look for additional support at 8249.
Subscribe to:
Comments (Atom)