Dow Jones: Friday Marks New All Time Intraday And Closing High
Petros Steriotis | Sep 21, 2014 01:26AM ET
Dow 30 is lately the strongest among major US indices. It marked a new all time intraday and closing high on Friday, although it closed off its daily highs. There is good support in the 17.100-17.150 region and some re-visit of this area is not unlikely. It is normal to see some retesting of such crucial support levels after an all-time high has been marked. What is important for the index is to maintain its general strength and absorb short-term overbought conditions before it sets new records. We need to see a clear breakout and support at current levels holding.
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