Thursday, October 23, 2008

Fall starts again!

Dow 8618.37 -415.29 (-4.60%)

I mentioned on Oct 16, 2008 that Dow will trade in positive territory till it dips below 8451. Having seen a few days of upswing, Dow now looks to head down and break the monthly support of 8451. For the immediate term, the next down-swing has started. At the moment, the 10-year low of 7591 is an important level to watch.

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