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TOPIC: ^DJTA
#10423
jonf1tch (User)
Alright, Stop. Hammer Time!
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graphgraph
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^DJTA 2 Months ago Karma: 1  
Dow Theory: Averages Must Confirm.

double-top with the return move retesting the neckline.

minimum downside target for DJTA:

5536.57 - 4032.88 = 1503.69 (neckline to top)
4032.88 - 1503.69 = 2529.19

another 23% drop from the current low(3283) to reach 2529.
 
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Last Edit: 2008/11/06 02:18 By jonf1tch.
 
NEVER GO FULL-RETARD!!! ** If you want to increase your success rate, double your failure rate. --Thomas John Watson, Sr. (1874-1956), IBM ** Its the time you put in after 9 to 5 MON-FRI that ultimately makes the difference --William ONeil
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