I posted on Tuesday, August 17th that the Dow Jones will drop to 10,000 points from 10,450 points then bounce a bit, and again head lower to the next support level 9,600. As you can see from trading the actions of August 26 and 27 that it is exactly how it is playing out.
Gerald Celente of Trend Research is not afraid to tell it like it is based on data and facts his Trend Research company analyzes. It may sound doom and gloom, but it does make a lot of sense what Gerald is saying. The U.S Government would have you believe otherwise, by putting out in the media false unemployment data, that’s because the U.S Government doesn’t want the people to panic, so they make things seem better than they really are, until it is too late.
Looking at the 6 month chart for the DJIA, it looks like the market is at the beginning of a downtrend, the 10 and 200 day moving average is well over the price adding to downward pressure, however it looks like their might be a small pop upwards as the price hits the 50-day moving average, but after that my guess is that the downward trend will continue bringing the Dow Jones down to 10,000 and if it breaks past that down to 9,600 again. Also looking at the MACD it looks like a downward indicator as well ( please read my disclaimer). I have been wrong before so do your own due deligence, this is just my read on the market.
Here are more comfortable travelling shoe reviews (continued from Part 1)
4. Ahnu Drake
The Ahnu Drake is a snug fitty slip-on shoe. You’re probably thinking that these shoes will come off easily, but the tight elastics of this techy looking shoe will keep it snug on your feet. Once, on the Ahnu Drake feels very much like comfy sneakers, it features re-inforced toe-box area, uppers are waterproof and the soles are quite sticky for great traction. Price: $99
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