Treasure Map for Dow - Part 2

Hi Friends

First of all, we would like to show you some thing which we wrote around 14th July just around 10 days back on Dow Jones.

Here is the Link

http://moneybaghunting.blogspot.com/2009/07/whats-next-in-dow.html

Dow Jones was trading around 8331 levels and if we see in the next 10 days session, we are now at almost 9000 plus levels, what a run, today high was 9090, almost if we see we have seen an rally of about 700 points in just 10 days time period, now thats an out performance and super b moves.

Dow has first time since January given a close above 9000 levels, these are new highs, and if you read out previous article we had mentioned the key ares and strategies which would make it run all the way and we proved to be right.:)

So here we are again with an strategy for Dow, as per with the movement of Dow the world markets out performed.

If Dow moves more higher from current levels then world wide markets on heavy moves and making news highs as Dow made. But we feel that, there are hurdles ahead and rally may continue but for how long some day would surely come when we see profit booking at higher levels and what are the high levels thats to think off.

If we look at the Chart for Dow Jones : -



If we look at the SnP500 also its trading at 975 levels, now the main point to see is would it cross 1000 levels, because 52 weeks high is 1313 and in the case of Dow Jones 52 weeks high is 11867, lets hope for the best and remember and make a note if we see some profit booking then 950 levels are crucial levels for SnP500 and if that is broken we head to 920 levels and if that also broken then black day straight we head to 900 and if that broken then super black day this time for world wide markets.

So keep eagle eyes on 1000 levels and then all the way ahead, lets see if we close above 9000 levels and how does the Asia and Europe markets react to this, as per Hang Sang is near 20000 levels and Nikkie is heading to 10000 levels, so keep eagle eyes on Dow now.

Corporates have prompt up nice results thus a rally in Wall Street, for more log on to http://money.cnn.com/2009/07/23/markets/markets_newyork/index.htm?postversion=2009072314.

Lets hope for the best.

This information above mentioned is for educational purpose, we hold no responsibility and the above mentioned information are my personal views, so one should always take advice from there financial advisers before taking any decisions.

Regards

Treasure (Captain)
www.moneybaghunting.blogspot.com