Is the Dow Ready for Some Action?
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It might be too early to tell, but it might seem that Dow’s technical picture is starting to gain some short momentum. A large gap at the Moving Average Convergence/Divergence is manifesting while as you can see, the momentum is starting to slow down. Is it a flag and penchant formation? Or a sideways movement manifestation? Let the market and the traders judge on how Industrial America is heading.
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