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dowjones > wave update

  1. 3,097 Posts.
    our previous support line at 8885
    now new support 9150

    The DOW has started the expected final impulse move up towards 9500, and this view remains unles we break critical support of 9150(9120). From a TA point of view, there is a variety of resistance points between 9400-9500, most notably the LT downtrend-line.

    The DOW isn't expected to break through this resistance (at least on the first try), and a significant correction is expecte in the next 3-4 months. 8500 is the first target. A break below the 9120-9150 support level now implies a broadening of the correction started since the June highs.

    view by erniek/clearstation
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