| March 29, 1999 |
10,006: The first time Dow closes above 10,000 points. |
Jan 14, 2000 |
11,723: The ‘ Clinton bull’ high |
March 20, 2001 |
9,720: Dow closes below previous year low for the first time since 1982. |
Sep 11-14, 2001 |
9,605: Terrorist attack-NYSE closes for four days |
Dec 31, 2001 |
10,021 : Dow up 21.7% from its Sept 21 low but down 7.2% y-o-y. |
July 23, 2002 |
7,702: Dow drops below post 9/11 low |
Sept 30, 2002 |
7,591: New 2002 low. |
Oct 9, 2002 |
7,286: New 2002 low- Dow down 37.8% from its all-time high on Jan14, 2000. |
Oct 31, 2002 |
8,397: Dow up 806 points. First up month since March. |
Nov 6, 2002 |
8,771: Fed cuts rates for first time since December 2001. |
Dec 31, 2002 |
8,341: Dow down 16.8% for 2002. First three-consecutive-year loss since 1939 to 1941. |
May 23, 2003 |
8,601: Senate passes Bill raising Treasury debt limit by US$ 984 billion |
June 25, 2003 |
9,011: Fed cuts rates by 0.25% to a post-1958 low of 1%. |
Dec 31, 2003 |
10,453: Dow up 25.32% in 2003-dollar down 14.67% in 2003 |
Oct 3, 2006 |
11,727: Dow exceeds its Jan 14, 2000, high of 11,723. |
Oct 9, 2007 |
14,164: New all-time high for the Dow. |
July 2, 2008 |
11,215: Dow closes more than 20% below its October 2007 high-bear market. |
Feb 27, 2009 |
7,062: Dow closes at post-1997 low-more than 50% below its October 2007 high |
April 2010 |
11,258: Dow rises briefly above 11,000 for the first time in 18 months |
May 26, 2010 |
9,974: Dow closes below 10,000 for the first time since Feb8. |
June 2010 |
10,594: Dow reaches new high. |
WHAT THE TECHNICAL ANALYSYS SAY?
-It is crucial for Dow Jones to break the resistance level of 10,800 in order for it to continue its rally
-If Dow Jones fails to break the resistance level, it is possible to see it falling deeper into the correction region and retrace to a lavel as low as 8,000 to 9,400 over the few months.
-Such big retracement will only be triggered if the index falls below the support level of 9,700 points.
-Dow Jones has to overcome the resistance level of 10,500 to 10,600 to turn the medicum-term trend upwards again.
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