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Dow Jones forecast for coming week ended 11th January, 2013.

Dow reacted on its very short-term bearish pattern and now it may again continues it higher highs and higher lows trend, therefore Dow is expected to test levels higher than 13400 in coming days.
Here I must say that though it is not very clear but it looks to me that Dow is making a bullish pattern and if that is true then Dow may test around 13800 range, so in any way I have a feeling that Dow is going to make higher highs. But in early days of the coming week I will not be surprise if Dow test 13200 levels again.

In my earlier reviews I talked about a medium-term bearish pattern, that is still open for Dow and for that important levels is around 12400. On the other hand I will think about a short to medium term bearish pattern if Dow tests around 12850 ranges but still it needs time to get any clear picture. In the downside 13000 is important support level for Dow and for coming week emphasis should be given on 13200 range.

NOTE Please see the disclaimer of this blog.


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