03/08/2012

DOW rallied the last hour Thursday to close at 12.877.2. Asia has moved the index higher and tested resistance point at 12.902 three times on the 2 hr chart which trend still is down but could change to upside before CET 12.00. If Dow should choose the downside the last support before a test of Thursday's lows is at 12.868.5. The big news for the day is the US payrolls numbers at 14:30. Consensus is at 100.000 new jobs. A number above could take the index very high. If the number is far below a big drop can occur.


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