Since Dec 19, 2009, the DOW 10,754 has been key to me. Nothing has changed, it is still key to me, if we get there. expecting Resistance and reversal. i've already taken some small short positions (skf, PG) and plan to add when appropriate. DOW might not make the 10,750 but it certainly is within striking distance, although the current 10,500 also has some R.
if dow gets 10,754 i will be interested
to see the reaction there... actually
right now i dont think it will exceed
the 10,754 in 2010, unless chart
landscape changes. i realise that
sounds very bearish. it all depends on the market reaction at 10,754 if it gets there.
December 19, 2009 post: http://christopherstockguy.blogspot.com/2009/12/dow-10754-resistance.html
* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".
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