Analyst George Brooks’ most recent entry in his blog, Brooksie’s Market Blog, gives readers an update of DJIA activity as well as his forecast for January.
“Expect a quiet open today with the DJIA ranging between 10,360 and 10, 290 much of the day.
The DJIA has been locked in a 350 point trading range for close to four weeks. A break above 10,450 suggests a run on the 10,850-11,000 area. A break below 10,200 puts support in the 9,900 – 10,000 at risk…”
To continue reading this post and to read more of George Brooks’ Market Blog, click here.
About George Brooks:
George Brooks started in the investment business as a stock broker in 1962 and quickly gravitated to the research end of the business, first undertaking his own vast study of fundamental and technical analysis, then taking a position as director of stock market and economic studies for a leading money manager and publisher. In 1973, he formed his own firm to provide daily market timing and stock selections for two regional NYSE member firms, as well as special situation research and written analysis for leading investment advisory publications.
About EQUITIES:
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