10/01/2013

DOW now have the chance to test the top because the strong support from the very sharply rising 8 MA. On the other hand at the top the very important long trend R lies.

DOW day 8:05

The 8 MA is rising further pushing the rate higher. Today's bar is close to the top and could easily take a new high today or Friday which is the last day the 8 MA will be pushed higher. On the other hand the current top close is just where the big R point lies. Might be very interesting two days.

DOW 2 hr 8:11

The trend is up but it looks difficult right now to test the top to the left. The 8 MA does not have that strong sharp look as it has on the day chart.


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