Clearly the trend is up on the DOW but the daily chart below may suggest that a small retrace is likely? Ascending trend line from May has been tested 6 times (see below) and price has failed to break out. Also now facing resistance from the Nov2007 descending trend line (coming from off the screen). Slow stochastic ready to turn down? Early call but looks on the cards imo.
Clearly the trend is up on the DOW but the daily chart below may...
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25,629 |
Change
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