Gary B. Smith

Dow 10,000? TA Says Low

 

This column was originally published on RealMoney on Nov. 30 at 8:10 a.m. EST. It's being republished as a bonus for TheStreet.com readers.

Yesterday, I promised to state exactly how far the Dow Jones Industrial Average would drop in the coming months.

Of course numbers like the one below are always a combination of TA and artwork.

In fact, the further one goes out, the more artwork -- or even guesswork! -- is involved.

Nevertheless, here goes! (See the first chart below.)

Today, charts for:

  • the Nasdaq;

  • Occidental Petroleum(OXY);

  • Ball Corp.(BLL);

  • IBM(IBM);

  • Chicago Mercantile Exchange(CME); and

  • Qualcomm(QCOM).

    And that is the final word from the Washington Post Style section, where yes, I'll finally come clean: I've turned into a Su Doku addict!


    P.S. from TheStreet.com Editor-in-Chief, Dave Morrow:
    It's always been my opinion that it pays to have more -- not fewer -- expert market views and analyses when you're making investing or trading decisions. That's why I recommend you take advantage of our free trial offer to TheStreet.com RealMoney premium Web site, where you'll get in-depth commentary and money-making strategies from over 50 Wall Street pros, including Jim Cramer. Take my advice -- try it now.









    Charts produced by TC2000, which is a registered trademark of Worden Brothers Inc.

    >To order reprints of this article, click here: Reprints

    Gary B. Smith is a freelance writer who trades for his own account from his Maryland home using technical analysis. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Smith writes a daily technical analysis column for RealMoney.com and also produces a daily premium product for TheStreet.com called The Chartman's Top Stocks -- click here for a free two-week trial. While Gary cannot provide investment advice or recommendations, he appreciates your feedback; click here to send him an email.

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    Dow Jones S&P 500 NASDAQ 10-Year Note
    12,393.45 1,310.33 2,827.34 15.81
    Oil *
    101.78
    DOWN
    26.41
    DOWN
    2.99
    DOWN
    10.02
    DOWN
    0.44
    10 Yr
    1.58%
    SPDR Gold
    151.62
    -0.21%
    -0.23%
    -0.35%
    -2.71%
    Data delayed 20 minutes

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