Dow Jones prediction may 17 2012

Dow Jones prediction may 17 2012 : The Dow Jones Industrial Average fell for a fourth straight day as confusion over Greece's political future extended the recent stock slide.The blue-chip Dow lost 33.45 points, or 0.26%, to 12598.55, to finish at the day's lows. The slide, which eroded an early gain of 91 points, handed the index its 10th decline in the past 11 sessions. Since the beginning of May, the Dow has lost 4.7%, and now sits at a four-month low.

The Standard Poor's 500-stock index fell 5.86 points, or 0.44%, to 1324.80 while the Nasdaq Composite slid 19.72 points, or 0.68%, to 2874.04.

Dow Jones Recommended Levels may 17 2012

Today's support:
- 12578.10(main), where a delay and correction may happen. Break of the latter will give 12566.25, where correction also can be. Then follows 12553.60. Be there a strong impulse, we shall see 12528.87. Continuation will bring 12504.37 and 12486.50.

Today's resistance:
- 12682.24, 12743.80, 12791.20 and 12823.35(main), where a delay and correction may happen. Break would bring 12858.72, where a correction may happen. Then follows 12915.00, where a delay and correction could also be. Be there a strong impulse, we'd see 12937.40. Continuation would bring 12967.36.

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