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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 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 - Get Report);

  • IBM (IBM - Get Report);

  • Chicago Mercantile Exchange (CME - Get Report); and

  • Qualcomm (QCOM - Get Report).

    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 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 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.

    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 and also produces a daily premium product for 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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    BLL $64.06 0.00%
    CME $90.57 0.00%
    IBM $144.58 0.00%
    OXY $68.79 0.00%
    QCOM $55.07 0.00%


    Chart of I:DJI
    DOW 16,472.37 +200.36 1.23%
    S&P 500 1,951.36 +27.54 1.43%
    NASDAQ 4,707.7750 +80.6910 1.74%

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