17/10/2011

Dow closed at the days high Friday at 11.647.

Dow broke last two hours the important last resistance at 11.624 and closed at 11.647. This advancement triggered the run up that started with a gap in Asia 30 min ago.  Asia has so far traded 11.651 to 11.672.

I described this break as an option during Friday trading and it was not confirmed until the Dow closed. I now expect the Dow to reach 11.872 today or later.

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