Stock Market Correction Coming 2-4 Weeks Dow Jones





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Published on Mar 10, 2012

http://www.StockMarketFunding.com Stock Market Correction Coming 2-4 Weeks Dow Jones. Dow Jones Index 2012 2-4 Week Topping Pattern Market Correction Setup vs 2012 Bull Trends.

Stock market technical analysis video covering what a stock market correction in the Dow Jones Industrial Average, S&P 500, Nasdaq, Nasdaq 100 would like like and set up.

Stocks looked like they were headed for a long-awaited pullback this week but the "high frequency trading" robots came in and "bought the dip" after the Dow Jones fell over 200 points.

With only a minor pullback we'll cover current support and upper resistance levels on all major "us equity markets" and what to look for as we finish up the first quarter of 2012. Friday also marked the three-year anniversary of the S&P 500's plunge to a 12-year low, a move that was followed by a sharp rally. The S&P 500 still is up 102 percent from that low.

While the latest news regarding Greece pulled stocks down off their highs late in the trading day on Friday, the markets gained strength on the day after the release of better than expected U.S. employment data (rumored to be leaked).

The major averages closed well off their best levels but still finished the session in positive territory. The Dow closed higher by 14.08 points or 0.1 percent to 12,922.02, the Nasdaq rose 17.92 points or 0.6 percent to 2,988.34 and the S&P 500 climbed 4.96 points or 0.4 percent to 1,370.87.

Despite the higher close on the day, the major averages turned in a mixed performance for the week. While the Dow fell by 0.4 percent, the Nasdaq rose by 0.4 percent and the S&P 500 rose slightly up by 0.1 percent.

Stocks moved mostly higher in morning trading following the release of a report from the Labor Department showing stronger than expected job growth in the month of February.

The report showed that employment increased by 227,000 jobs in February following an upwardly revised increase of 284,000 jobs in January. Economists had expected employment to increase by about 204,000 jobs compared to the increase of 243,000 jobs that had been reported for the previous month.


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