I am writing a special FLASH Marketdoc Report tonight to illustrate that our Bullish Descending Wedge Pattern has officially resolved to the upside. Is it possible for us to test the bottom again? Sure. However, I expect the pattern to continue to about a 40% retracement. This would place the Dow somewhere around 9000 before we see a significant change in pattern. Take a look at my previous posts and you too can learn how to recognize this important technical pattern! Keep posted to this blog for further updates and market information.
Note: The above report is for information purposes only. For specific decisions to buy, sell, or hold positions in any specific portfolio you must first consult your personal financial advisor.
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