Friday, March 6, 2009

US Dow Jones Sinking Deeper & Deeper to 6500 Level

Its another troubling day for US Wall Street as Dow Jones sinks down to 6500 Level, sinking slowly like a Quick Sand.

Toyota today announced that it may cut down its production, which steers Bankruptcy fears among the Japan Auto Part Suppliers if the Government don't provide Financial Aid to the Car Makers.

General Motors, previously World's Biggest Car Manufacturer announced its Annual Report which the Company Auditors mentioned "Substantial Doubt" that GM would generate enough revenue to maintain its business unless more government aid is given. Looks like more negative news ahead.

Below are the latest Charts for US Dow Jones & KLCI Futures Spot Month. its on a Downtrend.

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