Saturday, February 2, 2013

Dow Jones forecast for coming week ended 8th February, 2013.

Last week I was talking about 14000 levels though it did not go past that and that is quite expected. Dow may still like to test levels above 14000 again but I am not sure about too much up moves. What I think that it has more chance to move around 13800 ranges but it is hard to talk about the exact timing, may be in the middle days of the coming week.

On the other side Dow is showing positive moves during last two weeks so if any short-term reversal comes then important level is 13600. In last few months Dow showed near about 61.8% retracement so now if Dow follows the same trend then it may go below 13300.

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