Dow put on another 38 points on Friday. Based on closing price line-chart, Dow is slightly out of the down trend channel. Next target is to break its previous high of 10255.
Watch out for a head and shoulders formation as shown above.
At this moment I am looking at two possible long-term scenarios depending on whether the European debts problem and the stability of Euro can be contained and resolved. If the European crisis deteriorate further with no solution in sight, Dow may go for the much talk about double dips.
However if the crisis can be resolved, March 2009's low is the end of the 2007/2008 bear.
2010 World Cup
England 1 - 1 USA
4th minute goal from Gerrard put England ahead
Robert Green's error on the 40th minute gave USA a 1-1 drawWith Slovenia beating Algeria 1-0, England's journey in South Africa doesn't look good at the moment with the way they play against USA.
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