Well after a long time posting a view on Dow Jones pure technical ..
Currently Dow is consolidating around 13140 to 13550 zone .... Below 13100 levels expected area where it should consolidate around 12800-12900 which is a very strong support ......
All the credit market fears will subside around 12800-900 levels ....The global concern will be taken care of .... Only below 12800 should one expect trouble but as i have written in my previous long term chart view on DOW jones remains good only ...
The last time i gave a view on DOW about newer highs at 12550 levels ... check out the link below :
Who says US Economy is going to the dogs
said about newer highs in coming mths at 12500 on DOw did 14k
Best Regards,
Nooresh
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