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Dow Jones forecast for coming week ended 14th December, 2012.

Last few days Dow got the support at around 12900 level and it was looking like to test higher levels but I am disappointed with last day performance, it could be more. So in early days of the coming week Dow may be due for little upside movements.
Dow is not yet out from lower high and lower trend, I was emphasizing on around 13320 level to make the probable bullish pattern but it is still due to test that. Now if that bullish pattern is true then Dow may try little lower levels and that may be in middle of the coming week but that should not be more than 12500 range. In fact if Dow drops from here it will get good support first at 12800 and then at 12600, so things may turn around from these levels.

At past I said that Dow has multiple options in the downside but that depends on the specific levels. In this moment 12500 looks most probable range to create a bearish pattern but I will talk about them when Dow will cross 12600 range.


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