We are at measured move target of the 2011 bottom to top breakout, could cause a
reaction for $400-500 points before proceeding to 16k. I have no idea if it will, but
you can see the recent measured move green produced a st top on the first touch.
Long term....the breakout of the expanding wedge would target 26k on a measured move
and would take us well above the LT market control line, possibly leading up to a 1987
style crash back to test the LT trendline.
INDU
Started by
CLK
, May 19 2013 02:05 PM
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