THE REAL ECONOMIST: DOW CONQUERS 8000 LEVEL, RALLY MAY CONTINUE AS 8000 TRIES TO BECOME SUPPORT LEVEL

Monday, May 4, 2009

DOW CONQUERS 8000 LEVEL, RALLY MAY CONTINUE AS 8000 TRIES TO BECOME SUPPORT LEVEL

* DOW JONES CLOSES ABOVE 8200 ON FRIDAY
*FUTURES POINT TO HIGHER START
Astoria, New York
It has been a 6 week battle but the bulls were able to break the 8000 resistance level. In the next few days, the real economist will try to evaluate if this is a short term move or if this will lead to a stronger rally.
"In the meantime, the 8000 level has become a support level and this will be tested" said the real economist. "With futures pointing to a higher start, the bulls have the upperhand on the situation, and only some serious negative news can take it below 8000 again."

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THE REAL ECONOMIST

Monday, May 4, 2009

DOW CONQUERS 8000 LEVEL, RALLY MAY CONTINUE AS 8000 TRIES TO BECOME SUPPORT LEVEL

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