Dow 10,000 Still Possible

09/08/2009 9:47 am EST

Focus: STRATEGIES

Thomas Aspray

, Professional Trader & Analyst

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The Dow has lagged other indices like the NASDAQ but is widely followed and often peaks last. Last Friday's action was positive, with the Dow's trend line resistance just above 10,000 and 50% retracement at 10,350. Weekly RSI3 is confirming prices but overbought, so risk is higher than in July. Key support at 9,000.

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