DOW managed to test 13000 level again. This week’s consumer confidence report helped lot to test that figure. Now I don’t know whether it is just a psychological level or this may be the wake up call for investor who has already missed this run!
DOW is making lot of uncertain figures in this 13000 zone. I am not sure whether it is going to break this level and go more in the upside! I think now it is better to look in political and macros to predict DOW’s move.
On the other hand if it faces correction then it has initial support at 12800 and then at 12600. As I said in last week that worst case scenario for DOW is 11600.
(For weekly stock market review - World Equity Market: Stock market review (weekly) after 2nd March ...)
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