02/11/2011

Dow 2 hr trend still up.

DOW has been trading sideways for a couple of hours and the hourly range is very short. The 8 MA is up but there is a falling one hour 21 MA now at 11.876 that have stopped the trend to go higher. The current range is between 11.770 and 11.876 and my feeling is that DOW will close within these numbers today at CET 21:00.

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