DJIA – Dow Industrial Average (Last:12019)

Dow Industrial Average (DJIA) price chart with targetsA friend who runs a heavily trafficked gold site asked me where I thought the stock market would be trading in six months. I replied as follows:  I don’t usually go out that far in time, but if I had to speculate I’d say the Dow will be groping for traction at 9057 – a “midpoint” Hidden Pivot — come September, provided the recent highs are not exceeded. (And if they are exceeded, I don’t think it will be by much.)  All bearish bets would be off, though, if DaScumballs somehow contrive to pop the Indoos throught the May ’08 peaks around 13136.