Think the Dow is gonna break into "7000 territory" today?
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2172 points
ChaosNantuko answered 8 months ago …
I think it will definitely go down to almost 8000 over the next 2 weeks. The real test as i see it is weather or not it goes below 8000. If it doesn't hold, then it won't be long ( i'd say a month tops) before we see 7200-7300, and wonder if 7000 will hold. Theres also a possibility it will bounce off the 8000 mark and go back upwards again. Right now, its all about that 8000 mark.
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474 points
spider348 answered 8 months ago …
I don't think today. Maybe this month. At this time, the NYSE tick only has a slight negative bias and selling is being met with some decent buying from what I see on my screen. We have retail sales number coming out on Friday and a preliminary sentiment number which together could cause a move.
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3680 points
MNSL answered 8 months ago …
I do not think so. There is a possibility it can go around 11,000 during next 06 months and then it can go below 7000.
I think in every rally we should sell vulnerable sectros such as Technology sector, commodity, property, auto and tyre sector etc. Then we should invest in next rotating sectors.
249 points
engcomp answered 8 months ago …
I graphed the DJI for the last fifty years, then constructed a 50-year trend channel.
According to this channel (logarithmic vertical scale), there are two possibilities:
1. The DJI will drift sideways between7000 and 11000 until July 2014; or
2. The DJI will hit 6000 around May 2012 and then rebound strongly.
