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FXA USA Market Analyses
  • Dow 30 Completes A Full 2,000-point Scale Resistance Break 0 comments
    Nov 25, 2013 11:20 AM

    Amazing move by the Dow last week which completes a full 2,000-point Scalar Analysis resistance ($14,000) break at $16,000. This is only the 2nd time in its entire history that it has happened - the first one being the $12,000 mark, which broke the $10,000 level on October 2006. At this stage, overpriced stock pricing is being questioned and justified. A mid to long-term contrarian move (retest) back to $14,000 has a good probability but this should only be taken with absolute risk calculations. SEE CHART HERE.

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