Dow Jones Industrial Average Forecast October 8, 2012, Technical Analysis

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By FX Empire Analyst - Christopher Lewis
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The Dow Jones Industrial Average had a bullish session on Friday, but gave back much of the gains in order to form a shooting star. This shooting star is at the 13,600 level, which of course has been overly resistive lately. Because of this, we think that there is a serious pressure to the upside but it is been met with significant resistance. Normally, this means that the market will eventually breakout and bust through current levels. With that in mind, we are buying pullbacks as we think it's only a matter of time.

 

Dow Jones Industrial Average Forecast October 8, 2012, Technical Analysis

Dow Jones Industrial Average Forecast October 8, 2012, Technical Analysis

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