IQBAL, looks like your advice given to me a while ago on Pakistan was right, luckily I didn't 'double down' :)
News from Ralph A @ PruSec
(REUTERS) Pru's Acampora sees Dow holding 8700 support
Pru's Acampora sees Dow holding 8700 support
NEW YORK, June 12 (Reuters) - Prudential Securities chief
technical strategist Ralph Acampora expects the Dow industrials
to hold at the 8700-point mark and reiterated his view that the
blue-chip gauge will break 10,000 by year-end.
The technician, and one of Wall Street's most bullish
forecasters said, "8700 is my number, and I think it might
hold." He said support in the Standard and Poor's 500 index was
pegged at 1070 points.
In midday trading on Friday, the Dow Jones Industrial
Average was off 77 points at 8733 after hitting a session low
at 8724. The S&P 500 index was off eight points at 1086.
MORE
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