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Dow Jones Industrial Average: Evening Report

  • There was an impulse wave today. I expect a corrective wave to occur. This market still has a lot of risk in it and could move either way, in a big way tomorrow. My outlook is for a corrective wave overnight and an impulse wave tomorrow at the earliest.
  • There is the risk of default by Greece, Italy, France etc... and the market is trading like there is a risk of default.
  • We'll see what happens overnight and if this market changes from moving up to moving down or sideways.

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