The Dow Jones industrial average intraday trading level hit the 13,000 after may 2008 and now experts are participating to comment over this trend. Some says it’s another rally to watch before making investment and some says it’s time when the market will pullback soon.
This level in Dow Jones will give a chance to investors to takeaway their money their were not expecting to get back because of the heavy loss and now when they got the level no reason to stay for getting some more profit, and hence it’s a strong comment that the current level of the market will go back to the situation it was at a month ago.
Actually it was expected due to European finance ministers agreeing to new bailout package of 130 billion euro or $171.5 billion for Greece rescue, the index passed the level 13000 at the 11:30 a.m. ET and returned back to 12.995 after some 30 seconds.
Dow Jones opened yesterday morning at 12,980 and then dropped but finally touched the historic numbers after four years just because the ministers who were not getting it passed since last 7 months.
Anyway what do you found about this breakdown please let us know in the comments below to see the depth together.