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It’s Been Setting Up & Now it’s Here: Market Transition
Two months ago I was preparing for Dow weakness but there was one problem: While the path of resistance seemed to be to the downside, price action simply wasn’t reflecting it, yet. The market was in the early stages of distribution – range-bound and volatile – but the weakness was pushing to lower lows. Not until last Friday that it. If Monday took a breather, it was just so that the bears could emerge from hibernation. The Dow Jones Industrial Average was able to manage a higher high but once the market trend reflects a “two to four o’clock” angle in the 34EMA Wave, these higher highs take on less ... (full story)
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- Oct 23, 2012 6:06pm Oct 23, 2012 6:06pm
- ryknowtrade
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- ryknowtrade
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- megamo
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- IberoForex
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