Thursday, November 01, 2007

$INDU- Dow Jones Industrial Average

The pattern repeated itself with a huge drop today... After a breakdown under the band, the Average rallied above the band temporarily as it did before the August breakdown...Then today it collapsed under the band in an eerily similar fashion...It remains to be seen if the downside is contained to the recent low or if this is the retracement back to the prior August low in the mid 12,000's...Wait and see...

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