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DJIA Circuit Breakers
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[QUOTE]Originally posted by Relentless.: [QB] [QUOTE]Originally posted by glassman: [qb] the five year chart looks like it could have some support at about 14800 from July '13 after that it's no mans land. the July '13 is not a strong indicator to my mind... after what we saw in '08-'09, it seems to me that the algorythms are in charge and we could see anything happen. I expected teh depth of that fall the be about half what it was. [/qb][/QUOTE]Switch to the weekly chart. Support as of right now is the 200 week moving average, which is what it bounced off of yesterday. The next week or so will rise a bit and level off, then a re-test of that support. If it actually makes it below? Hory sheet because the next level of support is far lower. Remember the chart I posted a couple years ago?? Still in play me thinks, just took longer to mature than I expected. [/QB][/QUOTE]
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