|
Home
Up
Co-brand
Partnerships
| |
|
|
FRIDAY'S
CHART |
Dow
Jones Industrial Index
The Dow
Industrials gained a record 499.19 yesterday to close at 10630. The
index moved above resistance at the March 3rd intraday high of 10443 to
confirm a short term bottom. The Dow also crossed above its 21 day
moving average for the first time since January 20th.
Yesterday's breaking of resistance, and
the ability of the index to hold support last week is an encouraging
short-term sign, but the jury remains out on whether the index's 2-day
spurt will prove to be sustainable. The Dow must still overcome
strong resistance at 10750, and 10980 in order to prove that its recent
jump is anything more than a dead cat bounce in the midst of a longer term
decline.
|
|
