Saturday, January 9, 2016
INDU Dow Industrials Daily Chart Correction Territory
The Dow drops more than -10% off the May 2015 top and is almost -10% down from the November top in correction territory. Price peaked in May 2015 at 18350-ish so the INDU was in correction mode under 16515 in August-October and now. The central bankers saved the day creating the October rally. The Dow then peaked at 17960-ish in November. A -10% correction from here is under 16164. Price is at 16346 in the neighborhood and considering the May 2015 top, it is good enough for government work. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.