Trading Edges That Last
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Dow 30 Nov 07 to Nov 11 Outlook
Lawrence’s Comment
News shock. Gap down to the downside target first. The funny thing is that the expected rally still happened right after the gap down is completed. Closed the week at Y-0.
Outlook
Gaps were left here, there, and everywhere. That makes the coming week very difficult to engage.
One thing for sure is that the expected rally of 5 to 8 days already spent 4 of them to recover from the news shock. By Monday if all Dow can do is to complete the gaps above, Dow will enter the retracement phase again.
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