Friday, August 12, 2011

Dow Jones: Signs Of Bottoming Up With Relief Rally Targets At 11555-11740, 12-08-2011

Wall Street Recap: Dow Jones soars 423 points after rallying as much as 559 points
Following the 4.6% carnage on 10 Aug, the Dow Jones rebounded 4% to 11143 points, following declining weekly jobless claims and better-than-expected earnings from Cisco and News Corp.

Sentiment also improved on higher European markets after news that French President and German Chancellor will meet next Tuesday to discuss the euro zone governance and other international issues, coupled with France, Spain, Italy and Belgium ban on short-selling effective today.

Daily Dow Jones Shows Signs Of Bottoming Up With Relief Rally Targets At 11555-11740 Levels
DowJones12-08-2011



Source: StockCharts.com

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