Monday, January 24, 2011

Dow - The last surge?


Dow added 108 points (0.9%) to close at 11,980 to stay slightly above the short-term upper trendline.

It is possible and it happened quite often that the terminal movement end with a last surge (for bull run) or a last shakeout (for bear run). Dow may reach the longer term upper trendline as shown above to complete its wave 5 and the major wave B.

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