Dow Jones analysis:New high possible in next 2-4 years
The Dow Jones index made recent bottom of 6470.11 on 6 march 2009 on the back of Subprime housing crisis and Lehman brothers bankruptcy.
The level it made on 2 may 20011, 12807.36 must cross to blast above to touch and cross life time high of 1 oct 2007, 14198.10 lifetime high.
It has crossed 12724.41 made on 21 july 2011, on on jan 23, 2012 and made high of 12764.41, but failed to close above the 12724.41 level and closed at 12709.20.
So now Dow jones has to cross and close above first 12724.41 and then 12807.36 made on 2 may 2011, a daily close above this will confirm dow Jones up move upto 13412 and weekly close will likely confirm the breach of the all time high made on 1 oct 2007 14198.10 and rise above it.
