Dow rallies on light volume

Dow Jones Industrial Average rallied on unconfirmed news reports that China is set to buy sovereign debt from troubled Italy. Light volume indicates an absence of selling pressure. This is a bear market, however, and rallies are likely to be of short duration, while breach of support would lead to sharp falls.

Dow Jones Industrial Average

* Target calculation: 11000 – ( 12000 – 11000 ) = 10000