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Saturday, November 21, 2015

Dow domed house still intact despite rally


It is not my intention to make light of the terrible tragedy that occurred in Paris, but something rather odd took place in the stock markets in the week just gone. When trading opened for the week I don't think anyone was expecting a strong rally in stocks. The Dow Jones cash chart here went form the bottom of the kumo support to the top of the kumo resistance in one week. This domed house resistance that I have been posting about is still intact. Lets see what happens this week.

$DJIA weekly



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