Posts Tagged by djia
Larger Perspective on Current Stock Market Fall
| March 3, 2009 | Posted by admin under Stocks & Stock Market Analysis |
I wanted to bring up a few things about the current problems in the stock market. The near term target is now 6000 (see my previous posts in the Market Blog category). If we pan out to a very long term view of the indexes, both the S&P (1950-now) and the Dow (1930-now) we see…
US Stocks Confirm Further Downswing
| March 2, 2009 | Posted by admin under Stocks & Stock Market Analysis |
The DOW broke below 7500 and then respected that level, before falling below support at 7100. This action by the DOW confirms, or makes much more likely, another primary downswing to the target of 6000. ~Cory Mitchell
Don’t get excited over the stock market rally, yet…
| February 25, 2009 | Posted by admin under Stocks & Stock Market Analysis |
The market rallied today up more than 230 points on the Dow Jones Index to close around 7,350. It is possible that the break below 7,500 was a bear trap. But with confirmation from so many indexes, it is more unlikely. Rallies occur in bear markets all the time, it is whether the upward pressure…
S&P Confirms Swing Down
| February 23, 2009 | Posted by admin under Stocks & Stock Market Analysis |
The other day I talked about how the S&P 500 had not broken below its lows. Today it did, confirming the down swing we have already seen from the Dow Jones Index. Targets for the downswing are 6000 of the Dow and 600 for the S&P. If even further confirmation is need the German DAX…
DOW 6000?
| February 21, 2009 | Posted by admin under Stocks & Stock Market Analysis |
I have talked about the Dow Jones Index going to 6000 for quite some time. From the first time we tried to break down to this level we saw a rally, but that rally was stifled on multiple attempts to break above 9000 with any conviction. The market again broke lower and has now failed…
Stock Market Analysis – Tight Range
| January 27, 2009 | Posted by admin under Stocks & Stock Market Analysis |
The Dow Jones average has slipped into a short term range, but the breakout could be significant – especially to the downside. Currently the Down Jones average is ranging between 7900 and 8300. While volume was edging higher to form a possible bottom in the market, volume has normalized and has fallen off the recent…
Dow Catches a Chill From Falling So Fast
On Wednesday after the market closed, everyone was talking about a market rally (from the reports I saw/read). Up 130 points was just the move that was the result of restored confidence, but not only that, it was going to trigger further rallying. Well, Thursday showed market participants that the bear is still more likely…