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) - Get Occidental Petroleum Corporation Report
;
TheStreet Recommends
Ball Corp.
(BLL) - Get Ball Corporation Report
;
IBM
(IBM) - Get International Business Machines Corporation Report
;
Chicago Mercantile Exchange
(CME) - Get CME Group Inc. Report
; and
Qualcomm
(QCOM) - Get QUALCOMM Incorporated 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!
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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 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;
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