Stock Market Comments: Dow Jones as of October 4, 2011

October 4, 2011 by Thomas Mullooly

Last week, we reviewed the action on the Dow Jones Industrial Average (DJIA). The date of that chart was September 27, 2011. In light of yesterday’s activity in the stock market, I have prepared a short, two minute video to review what is happening — just one week later. The great thing about point and figure charts is they allow us a clear view of what is happening RIGHT NOW.

We do not have to be bothered with predictions of where the market is heading.

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If you do not have an investment adviser, we encourage you to contact Mullooly Asset Management at 732-223-9000, or through our website. Under no circumstances should the content discussed here to be considered specific investment advice. The postings and videos on this site are my own and do not necessarily represent Dorsey, Wright & Associates positions, strategies or opinions.

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About Thomas Mullooly

Thomas Mullooly is owner and founder of Mullooly Asset Management, Inc. In 2002 Tom opened Mullooly Asset Management, a fee-only investment advisory firm. As an investment advisor, and not a broker, Tom works strictly for his clients. With the help of point and figure charting, Tom builds a realistic game plan for clients.

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The information on this website and blog do not involve the rendering of personalized investment advice. A professional advisor should be consulted before implementing any of the options presented. None of the content contained in this website should be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation.