Friday, September 05, 2008

Intrade: 60% chance Dow > 11,000 by 31 December 08

Intrade participants are looking at 60:40 split in favour of a Dow close above 11,000. The spread is not friendly with an ask of 67 and a sell at 55, but the way the current market is heading I wouldn't be surprised to see this hit 40:60 sometime in late October. The usual end-of-year rally will probably see the Dow safely over 11,000 by end of year but it will fun to watch this evolve.

Dr. Declan Fallon, Senior Market Technician, the free stock alerts, market alerts and stock charts website