Saturday, 7 March 2015

Dow

a while back I posted that the Dow needed to break 18000 to confirm strength elsewhere as it was lagging.18000 is an important number in Gann (as is 18,180,1800 etc0) When we got the bullish candle on Friday 2 weeks ago I said  that was the confirmation.Since then we had a 7 day rally (often a Gann exhaustion cycle) and have now gapped down below 18000 again,leaving a bearish false break pattern


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