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Dow and S&P Major Stock Market Indices Collide

Stock-Markets / Stock Index Trading Nov 16, 2009 - 09:27 AM GMT

By: INO

Stock-Markets

On Wednesday, 11/11/09, the Dow Jones Industrial Index rallied to a 50% retracement level based on MarketClub's Fibonacci measuring tool. The action today indicates that this level is very important and that it could be an important top for this market.


In my latest video I cover both the Dow and the S&P 500 and tell you what I think is going to happen to both of these markets in the near and intermediate term.

As always our videos are free to watch and there's no need to register. We would, however, like to get your feedback as to what you think is going to happen to these two important markets. Please feel free to comment on our blog.

All the best,

Adam Hewison
President, INO.com
Co-creator, MarketClub

By INO.com

INO and Quote Providers furnish quotes and market analysis without responsibility for accuracy and is accepted by the site visitor on the condition that transmission or omissions shall not be made the basis for any claim, demand or cause for action. The information and data was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any futures or options..

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© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments


16 Nov 09, 16:16
LET THE BUBBLE COMMENCE

“The best approach here if at all possible is to use supervisory and regulatory methods to restrain undue risk-taking and to make sure the system is resilient in case an asset-price bubble bursts in the future,” Bernanke said.

KEEP THE MONEY TAPS FULL OPEN, LET THE BUBBLE COMMENCE, your children pay later........ I woz here Bernanke.

Then BERNANKE you must be GOD. You have all the answers. You now claim to have a complete understanding of physics, the universe and EVERYTHING! Where would you like us to errect a statue in your honour?


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