Dow - the wedge

In another slow day with low trading volume, Dow gained 85 points (0.65%) to close at 13250 level.

Can it break out from the wedge? It needs to cross the 13350 level. Dow needs that to continue with its short to medium term run. Once the wedge is broken the 'high frequency traders' may initiate a run-up.

I remain bearish for its longer term outlook. I continue on my lookout for any cracking sign.

.


.