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Tuesday, September 1, 2009

DJI - Odds favor that an important top is in place!


(Click on the pictures to enlarge)
All odds favor that an important top is in place in the Dow Jones Industrial Index with the test of 9,630.20. Next big target is 9,116.52, where strong support will be found, but the real test will be the supportline from March 6'th, which should be met around 8,861 and a break below here will but confirm the top.
We missed the ideal target by a meer 18 points - Pretty good.
I wonder how Bernanke will explain that he "saved the world...", but he can't stop equities from falling. I sure Nememsis are showing him, that Hybris isn't anything you can get away with.
I'm sure that he will regret be appointed as FED chairman for a second term.


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