If we see 11,000 on January 4th I will not argue.

But it may appear that DOW has now finishing with a 50% retracement in that we can have a breakout from resistance 10,500 in the index. Thus, it should be tailored to give further rise to 11,200 in the next phase (61.8%). Exactly what day 11,000 lost I shall not venture out of reach, but it is only 4.5% up there. Moreover, there are about 5% up to 61.8% retracement of the OSE (390p)

Statistics as have the last 5 days of December and the first two days of January since 1950, yielded an average increase of 1.5%

Last 15 years, 12 of them ended with the rise.
The times it has ended with the decline, have indicated a bear market. Today’s market is definitely a bull-market.

One does well not be rocket-scientist
to understand that here there is good upside to waiting …

- kaaresve

Related Posts:

• I’m am making my list of short ETF’s and checking it twice.
• The true effects of the recession:
• Economic outlook 2009-2012
• 2008-2009 depression is worse than 1929, we can’t create demand like what we did in WWII.
• Tomorrow will indeed be very important as to the short-term projection of the US stock market.

Leave a comment