Saturday, 1 September 2012

Dow Jones

The 3 day swing chart turned down from the high on Aug 21 which was a bearish engulfing day.There are 5 highs in the 13300 area .Action has been weak since,with only one c/t ,on Friday,even then the high was below the 13 dma.The two 1x4 angles should define the next move.Bears need to crack the bullish 1x4



and the SPY


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