Tuesday, April 12, 2011

Projection of the Dow the remainder of the week.

The Dow, Nasdaq and S&P 500 all dropped today. The dow was down over 100 points and the question is what is the prognosis for the rest of the week. To take a look at the charts for a moment, you will see the Dow as compared to the stocks which have been leading the rise. The summary is that these leaders are actually much ahead of the Dow's drop so far and so I believe this is these will lead the Dow lower in the coming days. The only question remaining is whether we will go below the previous low which occurred on March 16th.

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