Thursday, June 16, 2011

Daily Dow Jones Crucial Neckline Support Near 11500 To Prevent Further Selldown, 16-06-2011

Wall Street outlook: Dow Jones skids 1.5% on poor data and Greece crisis
Dow Jones tumbled 179 points to 11897 amid sluggish June Empire state report of -7.8 (consensus: 13) and a weak May industrial production growth of 0.1% (consensus: 0.2%).

Sentiment was also dampened by a deadlock in finding solution for Greece’s bailout and further possible downgrades on French banks by Moody's. So far, the Dow already plunged 5.4% in June and 8% from its 52-week high.

Daily Dow Jones Crucial Neckline Support Near 11500 To Prevent Further Selldown
DowJones16-06-2011



Source: StockCharts.com

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