Target DJ : * Target calculation: 9000 + ( 9000 - 8000 ) = 10000
Dow Jones Industrial Average The Dow continues its primary advance with a target of 10000*, though Friday's weak close and Twiggs Money Flow (21-Day) leveling off both indicate increased resistance. Reversal below 9200 (and the trend channel) would warn of a secondary correction to test support at 9000; while follow-through above 9450 would signal an advance to the upper trend channel. In the longer term, failure of support at 8800, while unlikely, would warn of a bull <http://www.incrediblecharts.com/technical/point_figure_bull_bear_traps.php# Bull_traps> trap. Dow Jones Industrial Average * Target calculation: 9000 + ( 9000 - 8000 ) = 10000 <http://www.incrediblecharts.com/tradingdiary/2009-08-10_markets.php#sp500> Read More....
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