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To: Jibacoa who wrote (2384)10/13/2008 3:34:48 PM
From: Jibacoa  Read Replies (1) | Respond to of 3722
 
O.T.

Re: The DOW

As I mentioned this morning:

The market seems ready for a bounce.It may do a short V shaped bottom and test the resistance at the 10000 level,which some people called the 'Maginot Line' which was pierced on Oct 6 & retested on Oct7

The V shaped bottom seems to be forming as expected with the DOW now up > 700 points, trading above the 9160 level.

With only 30 minutes left of trading, it probably won't be able to test the 'Maginot Line' today, but if there isn't any change in the market's present mood it looks like it should be able to test it tomorrow. <g>

bigcharts.marketwatch.com

Bernard