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Monday, August 20, 2012

Dow Jones Industrial Average (DJIA) five year chart

Dow Jones Industrial Average (DJIA) closed today at 13,271.64 Its now 63.69 (0.48%) in 5 days, 449 (3.5%) point in 1 month, 902.26 (7.29%), 321.77(2.48%) in 6 month, 1054 (8.63%) YTD, 2453 (22.69%) in 1 year, and 192 point (1.47%) in 5 year. Current indicator doesn't hint of immediate crash but we need to keep this chart in mind. 

dow jones 2012 crash
Dow Jones  5 year chart comparison.
22% rally in Dow Jones is based on speculation that ECB or FED will save this market. What happens if they don't ? Any guesses ? Speculation doesn't create job. Right now stock market is going @ 100 MPH and economy is at 1.4 MPH. Either economy needs to move as fast as stock market or stock market needs to pull back to match economy. Tomorrow, ECB is carrying out fine tuning operation, Stock market are expected to rally or open higher. 

Keep this stock in your watchlist.

Bear ETF: SDOW, DOG, DXD.
Bull ETF: DIA, DDM, UDOW.