Dow Jones Industrial average (DJIA) is just 190 point away from 5 year.
Below is the summary of facts for Dow as of July 27, 2012:
1. Dow is up 600 points in 3 days.
2. Dow is up 256 points in 5 days.
3. Dow is up 475 point in 1 month.
4. Dow is up 1000 points since June 4th, 2012.
5. Dow is down 376 points in 3 month.
6. Dow is up 276 points in 6 month.
7. Dow is up 858 points Year to date (YTD).
8. Dow is up 400 points in 1 year.
9. Dow is up 6500 points since March 2009 low.
10. Dow is down 190 points in last 5 year.
11. Dow is up 4811 points in last 10 year.
12. Dow is up 12,123 points in last 30 year.
Thanks to Federal Reserve, US stock market has kept rising in last 30 year inspite of multipe US recession, and Depression.
Coming back to Dow chart analysis, It is expected to decline on next week. But this chart analysis doesnt count in unexpected rumor which can move the market in any direction.
Dow 5 year chart: shows major crash cannot happen next week. The magic number for major crash is 12,265 followed by 10765. So unless this two resistance are broken, market is safe.
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| Dow 5 year chart shows 12,265 and 10,765 are key breakpoint on downside. |
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| Dow 2 week chart shows there is temporary decline. |
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| Dow 1 month chart |
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| Dow 6 month chart |
As alerted on last Wednesday, take a break till FOMC meeting is over and don't lose money in this crazy market.
