Why One Pro Thinks Dow 10K Is Important

[guest]

The Dow Jones Industrial average closed above 10,000 today for the first time since October 2008. After having watched the blue-chip benchmark cross the magical five-digit figure numerous times in both directions over the past 10 years, the predominant reaction from market watchers has been a ...


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[jb100]

Reaching Ten thousand mark for DOW was very important from technical point of view.It was a psychological barrier too.Now more and more hedge funds would deploy their funds for long term prospectus. So we may witness some consilidation at 10500 level before further up move.Even DOW has the potential to touch 12000 mark by end of this year.