After better payroll report investors were expecting that DOW may cross 13000 level but looks like market has different things to deliver. This week’s corrections make it technically better to cross 13000 level. Around this level DOW is making too much uncertain figures in past, so I am not getting any clear picture for sure but its bounce from 12700 level was very encouraging.
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 9th March ...)
NOTE: Please see the disclaimer of this blog.