DOW (S&P) Trading 26th September 08 recap

"Base building around September's lows, and any new UP trend needs to be verified with the movement above the October 50% level.

Once again simply trade on the side of support and the 5-day 50% level..."

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DOW Daily and 5-day pattern

US markets trading around September lows and with only a few days to go until the end of the month and Quarter, the shift in timeframe Dynamics will finally 'confirm' (or deny) that the lows in 2008 were verified the previous week.


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