[ob] DOW masih akan bullish---10.000

[swan silo]

Art Cashin: Dow 10,000 Possible Near-Term
Published: Friday, 24 Jul 2009 | 3:41 PM ET 
Text Size 
By: CNBC.com
The Dow broke 9,000 yesterday (Thursday) — and has hovered at that level 
Friday. What's next for stock markets?
Art Cashin, director of floor operations at UBS Financial Services, offered 
CNBC his insights.
Cashin touched on the reversal of the bearish head-and-shoulders* pattern — a 
reversal that surprised some technical analysts.
The failure of the widely-accepted pattern turned into a whopping rally, he 
said.
He also cited a CNBC interview with star analyst Meredith Whitney, in which she 
praised Goldman Sachs, as a rally factor.
Second opinions: 
* SP Headed Straight for 1,250: Strategist
* Pros Say: A 'Good Time' to Buy Equities
* Latecomers Will Drive Rally: Citi's Levkovich
He
noted extending the market's check point from July 17 to today; and
over this last week, we've had pretty much nothing but rallies.
The problem is, we're overbought now and we'll probably have a pullback — next 
week, I think.
But until that contraction happens, how high can stocks go?
[Dow] 10,000 is not out of the realm of possibility. A little above 1,000 for 
the SP.
The rally is going to continue. But, he added, A month or so from now, you 
might see a sudden reversal.


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Re: [ob] DOW masih akan bullish---10.000

[DR]

dow naik dikit aja, langsung pada take profit...
ke 10.000 masih lama, mungkin koreksi dulu...

--- On Mon, 7/27/09, swan silo swan_gro...@yahoo.com wrote:

From: swan silo swan_gro...@yahoo.com
Subject: [ob] DOW masih akan bullish---10.000
To: obrolan-bandar@yahoogroups.com, my_...@yahoogroups.com, 
sa...@yahoogroups.com
Date: Monday, July 27, 2009, 7:19 AM






 





  Art Cashin: Dow 10,000 Possible Near-TermPublished:
Friday, 24 Jul 2009 | 3:41 PM 
ET Text Size By: CNBC.comThe Dow broke 9,000 yesterday (Thursday) — and has 
hovered at that level Friday. What's next for stock markets?Art Cashin, 
director of floor operations at UBS Financial Services, offered CNBC his 
insights.Cashin touched on the reversal of the bearish head-and-shoulders* 
pattern — a reversal
 that surprised some technical analysts.The failure of the widely-accepted 
pattern turned into a whopping rally, he said.He also cited a CNBC interview 
with star analyst Meredith Whitney, in which she praised Goldman Sachs, as a 
rally factor.Second opinions: SP Headed Straight for 1,250: StrategistPros 
Say: A 'Good Time' to Buy EquitiesLatecomers Will Drive Rally: Citi's
 LevkovichHe
noted extending the market's check point from July 17 to today; and
over this last week, we've had pretty much nothing but rallies.The problem 
is, we're overbought now and we'll probably have a pullback — next week, I 
think.But until that contraction happens, how high can stocks go?[Dow] 10,000 
is not out of the realm of possibility. A little above 1,000 for the SP.The 
rally is going to continue. But, he added, A month or so from now, you might 
see a sudden reversal.

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