There are two other reasons why the Dow should at least move to the positive territory:
1. The last candle has gone way out of the bollinger band on daily, weekly and monthly charts - whenever this happens, it always tries to come back into the band
2. Time by degrees suggest that the turn date is 11 Oct 2008. The high of SPX occurred on 11/10/2007 and the low (so far) occurred on 10/10/2007 thus completing 360 degrees.
So I am positive that the worst would be over for the tme being.
Time will tell the real story !!!
sara
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Last
26,683 |
Change
82.730(0.31%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 26,683 | 0.00 | 0.00 |