Friday, April 25, 2008

Dow Jones Industrial Index Hanging Man Candlestick Charting Pattern Invalidated

With the latest strong candlestick formation the hanging man candlestick chart pattern formed earlier has lost its bearish power. Expect closing above black downtrend line today. Trading will probably still be restricted within the blue raising wedge lines. If the unexpected happens a drop towards mid Bolinger Band support at 12575 will be imminent.

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