The Dow Bounces on Test of 12,312:
NEW YORK (TheStreet) - On Monday I wrote, Deteriorating Technicals and a Slap in the Facebook, and stated that my initial downside target for the Dow Industrials was my annual value level at 12,312. That was tested on Wednesday.
The rebound off that level was quite strong leaving me to project that we have seen the lows not only through Memorial Day, but also into month end next week.
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Click to view a price quote on ^DJI.
NEW YORK (TheStreet) - On Monday I wrote, Deteriorating Technicals and a Slap in the Facebook, and stated that my initial downside target for the Dow Industrials was my annual value level at 12,312. That was tested on Wednesday.
The rebound off that level was quite strong leaving me to project that we have seen the lows not only through Memorial Day, but also into month end next week.
...
Click to view a price quote on ^DJI.
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