DOW Futures Daily 17th Sept 2009 recap

"As per Tuesday's report, the resistance levels are the weekly highs @9797

Because of the 5-day high breakout on Wednesday I would look for a move higher on Thursday,

However, based on the 5-day pattern my expectation is that Thursday will remain range bound between support levels and Thursday's highs"

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DOW Weekly and 5-day pattern

Expected UP move on Wednesday resulted in a break and extend pattern on Thursday.

Precise highs were 9797 (resistance), which were both matched with the 5-day high pattern and the Weekly high pattern, resulting in drift back down and range bound.



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