DOW S&P Daily 8th April 2009 recap

"US markets back into the April 50% levels

If the April 50% levels are going to hold, then US markets should bounce off the 5-day lows and swing back towards the 5-day 50% level"

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DOW Weekly and 5-day pattern

DOW supported right on the April 50% level, but my ideal pattern was to BUY the Wednesday low looking for a swing back towards the 5-day 50% level.

Instead price move above the filter @ 7690 and remained above it.



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