What would you think Dow index next week??

Question

Is it going to 11000 back or 12000??? What about dollar rally continue and gold will up or down in short trem????????

Answer 1

The stock markets will stay in this range until after the elections. The real question is how long will all the other countries continue to finance the US government.When the are done lending money we are done, at least for a long while. Oil dropped that is why the dollar rose oil is priced in US dollars. Gold will rise when oil begins to rise again its not inflated.

Answer 2

The DOW looks a little shaky at this time.  While the index has had a nice run for the last month or so, it is showing signs of breaking down.  The Stochastic chart is showing a little divergence making lower highs.  Charts don't tell the whole picture, but I would be a little worried about the DOW right now.  The NASDAQ on the other hand looks great!!!

Answer 3

The market will play between 11,000 and 12,000 for awhile more before taking a decisive direction. The dollar will continue to rally slightly and gold will continue to come down from its inflated levels.