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1210. Presidential Debate - Trump and Harris Ridiculous

 So was there a winner of the Presidential debate or just another setup with ABC? I'll agree that Kamala was more composed and the strat...

Friday, December 23, 2011

371. DJIA: Push to 12700, or fade to 12200 again?

We held support as expected, but this time blew past the 12,200 DJIA resistance (12294 close today). This indicates a move the next resistance level of 12,700. Was this a Christmas anomaly? Or can we sit back during next week's short trading period and float a little higher? 12,700 is around the corner; but when will we get there? I had predicted end of 1st or 2nd week in January before a slide back to the new support of 12,200. With Congress gone and ECB asleep for the holidays I would venture to guess, barring something catastrophic in the world, we can enjoy our holidays. I have already done my year end tax planning shuffle, so my feet are already up; hope your's are also. Have very Merry Christmas and Happy New Year.

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