Monthly Archives: August 2011

In the News: August 21, 2011

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In the News: August 14, 2011

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Bear Market Rally Targets

Now that a bottom has been established, within the context of a bear market, we can calculate the bear market rally targets according to Dow Theory.  The upside targets are:
  • 11,527.87
  • 11.767.18
  • 12,073.49
  • 12,724.41
  • 12,807.51
A new bull market would be considered when the Dow Industrials and Dow Transports jointly exceed the prior highs set in May 2011, respectively.
 
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