Research Excerpts

Has The Dow Bottomed?<br>Finding Opportunity Amid Panic

Posted on: Wednesday, August 24th, 2011

In our Logic-Over-Emotion Investing blog postings we typically feature an investment idea or chart from one of our recent Asbury Research premium reports.

Today’s posting (green highlights) is an excerpt from our Thursday August 11th What We’re Watching Today report, which was emailed to Asbury Research subscribers 29 minutes after the opening on that day.

excerpt from What We’re Watching Today:
Major Support At Dow 10,881 to 10,719
Thursday August 11th 2011, 8:59 am CT

Major Support At Dow 10,881 to 10,719

 …has been tested and held over the past three trading sessions.  It represents the 61.8% retracement of the July 2010 to May 2011 advance and the August 2010 benchmark high, as shown by the green highlights on the chart below.  Considering the current favorable conditions for at least a near term US stock market rebound as discussed in our August 10th Asbury Alert (access requires subscription) entitled 5 Reasons For A Rebound In US Stocks, this support is a logical place from which to expect this upcoming rally to begin.


So far, from the opening on August 11th (the day of our report) through the first 40 minutes of trading today, the Dow has already risen by 562 points or +5.2%.

Asbury Research subscribers can view the rest of our August 11th report, plus our August 10th report entitled 5 Reasons For A Rebound In US Stocks, by logging into the Research Center via the button at the upper right corner of the screen.

Professional investors can learn more about our investment research right here on our website which includes sample reports, client testimonials, our 2010 market calls, and John Kosar’s recent appearances in the media.

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