Stock Markets Around the World

摘要

The Dow Industrials'a August decline remains well within the parameters of a correction that should end within days. Breadth, sentiment and time cycles all argue for a September rally. The Dow's better than 50% chance of surpassing the all-time high at 11,750 remains in palce. A break of 9106 would negate this potential. The NASDAQ should also rally, but may first test or slightly break its Apirl 4 low. In Europe, the bear trends remain firmly entrenched and appear to have a bit more to go in all the major bourses. Yet most markets are approaching important support levels, suggesting the potential for significant bottoms in the next month of two.