Pashabxl
Short

DOWI: Nothing to steam the machine

DJ:DJI   Dow Jones Industrial Average Index
Back to reality. QE3 effect is fading. No European QE yet. So the momentum is coming to an end.
16606 was and still is my benchmark and my top level. Therefore, based on indicators+ political environment, DOWI             may progressively and smoothly cool down towards 16400 and 16000 as a first headline goal. Then after a technical correction at 16200, the second move may be very well towards 15800, 15400 and 14800.
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