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Wednesday, 9 December 2015

DOW on Down-curve

DOW INDUSTRIALS  began to trend downwards in Apr 2014, as expectation of an increase in FED interest rates began to take hold. The market rallied in Aug, with good performance figures and postponement of rate increases to year end. Year-end is nigh and the down-trend resumes. I have drawn a curve to indicate the probable Resistance level in the coming months, and predicting a level of 16,000 by mid Jul 2016.

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