Dow Futures Reversing At Support

December 14, 2001
Dave Landry

Each evening we
focus on the most interesting aspects for the upcoming
trading day. The comments are based on observations of the
nightly updates of the Futures and Market Bias pages. They
are provided for educational purposes only and are not
intended to be direct trading advice. Also, keep in mind
that these remarks are made up to 12 hours in advance of the
markets opening. Therefore, overnight events may alter the
outcome of these observations.

There’s not much to look at again tonight.

The December (or March) Dow Futures
(
DJZ1 |
Quote |
Chart |
News |
PowerRating) appear to be finding support
and reversing near their recent lows. This double bottom action in a trend
suggests that the uptrend remains intact. Avoid (or stop out) of the contract if
these levels fail to hold.