DJIA – Dow Industrial Average (Last:12605)

Dow Industrial Average (DJIA) price chart with targetsThe thimble-rigging, conniving spook-job exposed by yesterday’s giddy opening bar failed to get it past Monday’s 12643 high, adding to the suspicion that buying interest is nil, even among erstwhile panicky shorts. Since there is even less interest in selling, however, we should expect DaBoyz to continue to hold this gas-bag aloft until the next crumb of short-squeezable “news” hits the tape.  Bears are advised to continue hibernating peacefully unless 12719 is exceeded to the upside. If you’re curious as to why but don’t subscribe, click here to access all of Rick’s Picks features and services free for a week.  This includes access to a 24/7 chat room that draws combat-hardened traders from all over the world.