DOW Futures Daily 7th Jan 2009 recap

"No probability on direction other than trading on the side of Yellow support and looking for 41-85 point moves"

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DOW Weekly and 5-day pattern


Expectation of a move towards the January highs, but as pointed out I’m not sure whether that happens this week or the next because of the Weekly highs.

At this stage it's trading small ‘ranges’ using 41-85 point moves.

Thursday pushed down from the Yellow filter into the r85 low @ 10460, resulting a spiral low and 50% level support, and then back towards the highs in the 5-day pattern.





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