DJIA – Buying This Mornings Sell Off

We turned down this morning nearly exactly on my $12,400 call back in November. As of now buyers have stepped in and bought all that up. After taking a closer look last night, I believe the DJIA is headed higher or will be bound to a tight trading range.

As for my most recent post on EURUSD, we’re still diving toward 1.25 as i expected. It will be interesting to see the news out of the EU when we reach the 1.25 mark. It’ll be do or die at that point.

Now for a shameless plug. I’ve recently opened a fine jewelry shop, of which those of you with exquisite taste can purchase expensive shit through our website 349finejewelry.com. No fake garbage here kids. Authentic gems only.

As fucked up as the whole euro debt crisis was the past few months, we’re actually approaching an area i’m interested in buying. What happens when we get to 1.25ish will be the deciding factor. If 1.25 fails miserable we’re looking at EURUSD 0.9925 as the next buying opportunity.

What happens with the Dow from here is, well, a downturn as stated here. For how long I do not know. I haven’t examined the charts close enough yet, but I plan to mull over them tonight and report back here tonight or tomorrow. Whether or not we turn down here isn’t really “known”, it’s probabilities. Of course, it’s entirely possible we do not.