DOW Futures 13th August 2009 recap

August highs resistance, but just like what occured in the Australian Market there is a possibility that over the next 2-days price continues towards the upper August highs @ 9506

Two plays on Thursday....

A continuation upwards into the 5-day highs and a reversal back down into the 5-day 50% level.


Thursday's 5-day 50% level will be the trend guide on any further rises or consolidation



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DOW Futures and 5-day pattern

US markets continue higher this week along with some nice intra-day patterns occuring on Thursday.

The 5-day high reversal pattern into support, and support pushing the market in a higher higher Daily close, and probably continue towards 9506 on Friday.

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