Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Biotech & Pharma.T.A, -- Ignore unavailable to you. Want to Upgrade?

To: Jibacoa who wrote (2461)	1/15/2009 12:15:45 AM
From: Jibacoa	Read Replies (1) \| Respond to of 3722

O.T. The DOW is approaching an important support level.:>) After the "Reversal Day" of Nov21, the H on Dec5 was 9,151 and the H on Jan8 9,175 On Nov21 the H was 8,121 and the C was 8,046 So, the 8,000 level is then an important support, besides the 'psychological' impact of the number.It has not been violated since Nov21 If the DOW trades below the 8,000 level tomorrow, but it can close above 8,205 we may have another "Reversal Day" and the possibility of retesting again the Jan8 H. But if the DOW closes below the 8,000 the next step will likely be to retest the Oct10 L at 7,773 and or the Nov21 L at 7,390 with a possible acceleration of the downtrend like in the first week of Oct. It seems that this week will be another interesting week. :>) bigcharts.marketwatch.com Bernard