Dow Jones
The Dow Jones is expected to rise to 11280 in a corrective manner. The invalidation point is a break below 9940.
Read the complete Dow Jones analysis of September 16, 2010
The Dow Jones, also referred to as Dow, DJI or $Indu, is world’s most famous stock market. The common misconception is that it is also the oldest, which is not the case. The founder, Charles Dow, launched the Dow Jones Transportation Average a couple of years before. Price movements of 30 major stocks during trading hours form together the dow index. Every stock has its own weight in the average.
Below an overview of technical analysis and elliott wave forecasts on the Dow Jones.
Reverse position – closed with profit
We closed our short positions on the DAX, Dow Jones and S&P500 with a nice profit. The recent rise took out our profit stops changed the market outlook to a bullish one. We are evaluating long positions at the moment.
Read the complete Reverse position – closed with profit analysis of July 21, 2010
DOW Jones
A change of scenario in the Dow Jones. The long term bullish scenario is still there, but the shorter timeframe is bearish. Expect a drop to 8150. This scenario is invalidated when the DOW Jones moves above 10600.
Read the complete DOW Jones analysis of June 23, 2010