Dow, which is currently resting on the horizontal support of 11700, may test its January 22nd low of 11508. Looking at the chart below, there is a good chance that this support may not hold. A break below this support could see the Dow testing the next support at 11300 or the psychological support of 11000. A break of the latter could send many equity markets in another tailspin. Let's hope that will not happen.
Chart: Dow's daily chart as at March 10, 2008 (source: Yahoo Finance)
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