Dow will not close above upper resistance
Dow will not close above upper resistance
It will not close above it for the week. It may close above it on the daily but likely not.
Dow is setting up for another significant Drop. Down to the 15,000 at the most. This is most likely the last drop before the slingshot into a vertical market. Economy may not recover for a while but money will be fleeing the Euro and will not look to bonds. US dollar denominated equities are the new safe haven.
It will not close above it for the week. It may close above it on the daily but likely not.
Dow is setting up for another significant Drop. Down to the 15,000 at the most. This is most likely the last drop before the slingshot into a vertical market. Economy may not recover for a while but money will be fleeing the Euro and will not look to bonds. US dollar denominated equities are the new safe haven.