DOW (S&P) 5th DEC 2008 Daily recap

"There has been some form of support for the past two days, and the same can be the case on Friday.

Whether it continues higher or not is another matter:- no probability pattern on direction.

Trade on the side of support = Yellow"

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DOW Weekly and 5-day pattern

Tight 5-day pattern this week, saw Friday sell down into Friday's lows....

Reverse, and once above the Yellow support the bias was to continue higher into Friday, as it follows the Weekly bias of closing higher into Friday.

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