The DOW is heading upwards again, and I believe that when GERMANY finally say yes to Greece, the DOW will run again. I think the next rise will be slow. Dow should climb only 20points per day from here. We should be able to see 10 green candle to reach our 11400 target.
It is also highly possible that the DOW head towards 11700, another technical level. However, do be aware that a major correction is said to occur soon. I believe that major correction will happen when the DOW has reached 12500. It would most probably correct to 11000 from there. That’s the 10% correction that many people are looking towards for. For now, it is still a distant dream. That would happen when the FED finally give up and raises the interest rate.
No comments:
Post a Comment