Dow Correction

[الجبل]

Dow Jones Industrials (http://www.thegulfbiz.com/newthread.php?do=newthread&f=2#dow_jones_industrials)

The Dow Jones Industrial average recorded a sharp fall, breaking below the recent trend channel and closing below the 100-day moving average. The bearish divergence on Twiggs Money Flow has been warning of profit-taking for some time. A secondary correction will be confirmed if the next rally fails to take out the previous high -- close to a certainty after the extended up-trend. This is not a good time to go bargain-hunting.
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http://www.incrediblecharts.com/free/trading_diary/images/20070228_xao.png

[الجبل]

The primary trend remains up. The correction is likely to find support at the previous high of 11600, while a fall below 10700 would signal a primary trend reversal.
A correction on the Dow is likely to drag other equity markets down as well, regardless of their fundamentals.

[الجبل]

اعتقد ان الانتظار للاسبوع القادم افضل حتى نستطيع ان نتبين اذا كان السوق سيقوم باختبار مستوى 12000