08 November 2012

DOW COMPLETES 5 WAVE RISING WEDGE - BREAKS SUPPORT

DOW has completed the rising wedge 5 waves and immediately started to correct. It has in fact completed wave 1 of the down move in perfect 5 sub waves. Now the good news is that it should bounce back to form wave 2. Target for this move is anywhere between 13270 to 13360. This would be the last opportunity to offload and go short for the killer 3rd wave down.



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