Trading Edges That Last
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Dow 30 Jul 30 to Aug 03 Outlook
Lawrence’s Comment
Last week’s warning that once Y-0 failed to act as support, Dow has no support until 12500. There it was. Sold off to 12500 and took off. Rallied all the way back to Y+1. Closed the week near week high.
Outlook
As long as B-0 (preferrably higher) acting as support, more upside is expected.
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