Wednesday, June 9, 2010

Dow - Is it wave B ?

Dow moved up by another 83 points after 2 hours of trading on Wednesday morning. Is this the second day of wave B?

If it is wave B, it will form 3 waves on its way up as shown above with smaller volumes. This wave B gives me the opportunity to reduce some of my stock holdings selectively base on the chart form of the respective stocks.

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