Economics worries make the Dow Jones to fall 300+

Wall Street saw one more bloodbath day on Friday. The bloodbath day was more with the concern of economic worries. It seems like the Wall Street has granted that the recession is almost entered or at the door of the US economy.

If for time being we grant that the recession has almost entered and it is affecting the US economy then we should also conclude that this market will lack investor. If investors face out from this market then certainly there will be more falls or the market will stick in range with slowing and sliding waiving upward movement and will start moving downward.

If such is the situation then small retail investor should remain away from the stock market. However retail online stock trader those who are mainly doing online stock trading from their home can enter the market near to the strong support level of 12,000 with strict stop loss of same.

Though the fear of recession is eating out the Wall Street, I strongly feel the Dow Jones should hold 12,000 levels. I estimate that for at least next 3-4 months the Dow Jones should remain in zone of 12,000 to 12,700 levels. But still it is too early to estimate because market reacts with situation. Any positive step from Fed and US government can fuel the market upward.