poll results...

the dow jones poll on the blog is closed. this is ur(reader's) final opinion about what u feel how the movement in the dow jones is likely to be from hereon. remember i had asked for very long term dow movements here and not short term movements. i had not voted on this poll since i had given my opinion(case II, suprisingly its the one attracting least attention:)). thanks to everyone who participated, it helps to get some idea of how the readers view the global scenario.

case V: dow will not go down below march 2009 lows and will not go beyond 2007 high(40% respondents in favour).

case I: march 2009 lows are final and 2007 high will be taken out(18% respondents in favour).

case IV: dow will go down below march 2009 lows, get supported on/above trendline support, move up but not cross 2007 high(15% respondents in favour).

case II: dow will go below march 2009 lows but get supported on lower trendlines and move up above 2007 high(12% respondents in favour).

case III: dow will go down below march 2009 lows and go down below trendline support(12% respondents in favour).

closing the blog is a difficult decision for me. the main objective of utility of technical analysis in judging the market has been met with a very good success. hence intially, from 20th of october 2009 i won't be able to update the blog on a regular basis, say once every two weeks. some features like the calculators will be disabled since the site where they are hosted will be going down.

thanks.