Friday, July 11, 2008

DOW Kisses 11,000

The Dow now has permission to bounce after kissing the 11,000 intraday. Not sure what the rest of the day has in store, but I'm more convinced of a bounce now that it's touched the 11,000 mark and the VIX got up to 29. Additionally the SPX about to test the 1225 area which "should" also be a support area.

DOW Daily Chart: (Intraday Snapshot at 11:50am EST)

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