11/11/2011

DOW moves in a triangle since Oct 27. See picture beneath. 2 hour chart.

Right now Dow is in the middle of the triangle. It is also trading between a rising 8 MA and a falling 34 MA. Today's hi 11.991 and low 11.885,5.

It seems right now as if the 8 MA will not be able to cross the 34 falling MA so I think that the trend might break on downside during the day. 

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