Sufiy.: Dow DIA is at the Break Out point short term. DIA, SPY, QQQQ, GDX.

Sunday, December 07, 2008

Dow DIA is at the Break Out point short term. DIA, SPY, QQQQ, GDX.

Market is ready for a short term rally. H&S reversal is forming up and Dow has managed to close above the downtrend line. Strong move up above 50 MA will bring more buying. Bailout of auto could be the next catalyst.

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