DJIA 6500 level support threatened
Posted in Dow Jones Industrial
DJIA alert on the 6500 to 6400 level where Dow Jones has support that is now under threat. If broken the Dow might plunge in short time end level out at a level near 6000.
With the stumbling opening of this week of -1.2% at 6547, the adventurous trader might put in a bet on even lower levels as there is so far no bottom in sight.
However, keep in mind that the fundamental values are heavier these days and that the global economic curve has a stronger influence than Obama´s plan. Keep an extra eye on Japan.
On a history note, the Dow level stepped over 6000 on October 14, 1996 and rose to 6547 (sound a note on monay´s close?) on November 25, 1996.
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