Friday, February 15, 2008

Dow Jones Industrial Average heading towards 11,200

Whatever you think about the US stock market... I strongly believe the benchmark US index, the Down Jones Industrial Average (DJIA) is heading towards 11,200 points. This is simple because there is a head and shoulder pattern (confirmed when the DJIA broker below the neckline) and the target for the pattern is 11,200.


Weekly DJIA chart as at 12.48 a.m. 15 Feb 2008 (Malaysian Time). Chart courtesy of NextView
Let's see if Chart Patterns work.... again.

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