Tuesday, February 12, 2008

DOW: Short Lived Strength

The DOW started the morning with a nice gap up that held for almost 2 hours before weakening and falling off in the afternoon to form a bit of a topping tail candle on the daily chart.

The daily chart shows an attempt to break out of the consolidation, and today's close did manage to close above the highs of the last 3 days. We'll see if tomorrow it can add to those gains.

DOW Daily Chart:


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