The Dow is now poised to make a run for it and climb steeply, or begin a correction which could dip as low as the 7000 mark. It's unclear which way it will go as of this date, but something is about to break.
We gave the warning to sell before the last dip, and at this juncture are suggesting putting in buy stop above and sell stop below the current level to enter automatically.
Let's use this blog to discuss all things financial, and technical.
3 comments:
I kind of think the Dow will slip back to around 9000 or so as the run up from around 8000 was based on low volume. Once the summer vacations are over, I think the traders will come back and sell the market.
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