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Sunday, February 22, 2009

Dow Jones Latest


Break prior low with extraordinary high vol. This is a serious warning to all traders who are still holding on to long positions. Both long term downtrend line and short term channel line intact. Index is expected to oscillate within the short-term downtrend channel. Any breakup of the channel will be capped by the longer-term downtrend line. Bearish view. Traders with Short position, congrats, action starting soon. Trade with care and discipline.

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