Time to dip your toes at-least, if not more...

As per the previous post (which was around 13000 levels), that we might see a dip to 12300-12600 range and it was time to make a list of stocks to buy and research for ideas and wait... here is where we think the risk-reward started to get interesting technically as mentioned in several charts below:

FXE (Euro):

The biggest concern of all is start to get close to the support levels. It has bounced back a couple time previously. Checkout the chart below:

Similarly USD approaching the resistance zone...

And now lets approach the thing we all actually care about.. Why i mentioned 12300-12600 range is where the risk-reward starts to get good technically.. Here are few charts:

DOW JONES (Daily):

A complete cluster of supports close to 12100-12300 zone...

DOW (Weekly):

Most of the previous corrections have been more or less about 38% of the recent rally. We are approaching close to that level.. A longer term trend-line from the top shows the support around 12200-12300 zone too.

Bottom Line: In the mist of all the Euro and Greece noise, I feel its time to be optimistic...

Happy Investing!!