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Dow Jones Industrial Average: Morning Report

  • Overnight we saw some selling, which was followed by some buying. Revolutionary material! Anyway, what sparks my interest right now is the REJECTION at the 12,070 level, that could be wildly bearish (as I hope for 500 point swings in the index). I won't jump to any conclusions about the rejection at the 12,070 yet.
  • Other than that economic news that came out overnight was generally good. 
  • Play great defense and keep those stops tight. 

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