Dow Bouncing Off Support

As seen in the attached image the DOW JONES INDUSTRIAL AVERAGE has at least for the moment attempted to stabilize at a prior support level near 11,650 (red line).  This along with the fed’s cut of 75 bps may for the moment provide a short-term low for the markets.  However given the overall damage of late in the market ultimately these levels are likely to be violated.  We would use any strength to identify candidates to either add or remove from your portfolio on any bounces.


Comments
tube8 said:

interesting post thx guitar amp see you

Posted at August 4, 2008 11:32 AM
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