DOW 10,754 still key number

DOW closed Friday at 10,618, which is only 136 points from the 10,754 target.

Since November, 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. DOW might not make the 10,750 but it certainly is within striking distance.

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.

However, since December 19, the DOW has developed some more bullish signs / potential.

My expectation is still a turn down at 10,754, with a 14% decline (not all at once of course).
But if 10,754 is hurdled and sustained, the next target would be 12,000ish (more precise target later).

More details at December 19, 2009 post:
http://christopherstockguy.blogspot.com/2009/12/dow-10754-resistance.html


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