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risk of djia north failure here
Paul: On DJIA daily, price is hard on the 786 retrace of Southfrom the 9000 high doji star. And the southbound move from the 9000 high has already broken the previous low; a crown is evident , with the right tip being completed now. Thursday's price action may tell the story here as to which way this market is going to go. The 9000 high needs to be taken out by about next Tuesday if more north is at hand. A break of the 8250 neckline will signal a move south to 7500 which is a move equal in heighth to the heighth of the crown.
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