Saturday, February 9, 2013

Dow Jones forecast for coming week ended 15th February, 2013.

I was doubtful about Dow’s movements above 14000 and still it is struggling with that. In the last day its close was good but it does not reflecting any thing for sure, Dow is more in an uncertain zone. If Dow maintains around 13960 level in early days of the coming week then it has the chance to cross 14000 level but still I think that it may not go much in the upside.

If Dow fails to go past 14000 level or give closing below 13960 then 13800 may not far. 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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