The Dow seems determined to hit 11,000. It just seems too close to hitting that weekly support without having to smack it.
No reveral signals yet so unless the Fed pulls some pre-market shenanigans tomorrow like they did in March to avert panic selling it seems highly likely to at least test 11,000 this week.
Bernanke is speaking tomorrow too, and that may help the bears. We'll see.
DOW Weekly Chart:
Monday, July 7, 2008
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