Sunday, August 14, 2011

DJIA: Signs Of Bottoming Up With Relief Rally Targets At 11555-11740 Points, 15-08-2011

Wall Street Recap:Dow Jones jumps 126 points to record two straight gains
Despite sluggish Aug consumer sentiment at 54.9 (July: 63.7), the Dow Jones ended 126 points higher amid improving July retail sales of 0.5% (June: 0.3%) and rallies in European markets after a short-selling ban on financial shares by France, Italy, Spain and Belgium.

After plunging 18% from 52-wk high of 12928 to 10604 points last Tuesday, Dow Jones had rebounded 6.6% to 11269 but still recorded a 1.5% weekly decline.

Dow Jones Daily Shows Signs Of Bottoming Up With Relief Rally Targets At 11555-11740 Points
DowJones15-08-2011



Source: StockCharts.com

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