Dow Jones: Rally Losing Steam
Monday, March 16, 2009 18:25Posted in category Dow Jones Industrial Average
The 60 minute chart below suggests that the recent rally in the Dow Jones is losing steam. In our previous post, we noted that the current move may have a bit more to go before turning back down.
The daily chart below gives us a broader picture. We continue to believe that an important short term top will be put in between 7,300 and 7,900 on the Dow Jones Industrial Average. This week’s price action should be very telling. Stay tuned.
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Ali says:
March 17th, 2009 at 3:45 pm
10%+ unemployment is very likely and people are calling a bull market, i say bull s*%t