November 7, 2012

Dow Jones Rising Wedge

 
  • Dow jones weekly chart shows price violating the Support line of the Weekly rising wedge.
  • Daily chart shows price violating all crucial moving averages including 200 SMA.
  • Fib levels shows price nearing 50% Fib level.
  • Weekly bears need a close below the rising support line for a perfect breakdown.

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