Dow 10,000 may be ceiling for years, patterns show


  • Business
  • Wednesday, 31 Dec 2003

NEW YORK: Although the Dow Jones Industrial Average has closed above 10,000 points 11 times so far this month, it’s likely to be years before this oldest and most widely watched US market measure stays above the mark without falling back.  

In fact, the Dow could rise and fall from the 10,000 level a number of times before it enters a sustained upward rally, based on trading patterns seen when the 108-year-old average first crossed the 100 mark and later surpassed 1,000.  

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