Update: 11,803 would be the upside target if DOW hurdles and sustains over 10,754. (I do not expect this right now, I expect a decline of about 14% from 10,754. More precise downside target later)
Yesterday the DOW came within about 24 points from my 10,754 target. That was close enough for me to get some DXD. Will layer in more if merited.
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 these posts:
http://christopherstockguy.blogspot.com/2010/01/dow-10754-still-key-number.html
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".
No comments:
Post a Comment