Another interesting thing about this chart is that the 50% fib retracement of the 2009 low to the 2012 high is 9904.
Good possibility DJIA could head down to these levels before a bounce especially if no QE3
Just my opinion.
redback report, week ended 1/6/2012, page-2
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Last
7,777.7 |
Change
95.700(1.25%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,682.0 | 7,795.1 | 7,682.0 |
| XJO (ASX) Chart |