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The elliott wave practitioner, 16 March 2009, DOW, SPX,

In this video I look at the recent price action of the US Cash Indices. DOW, SPX, Nasdaq Composite, Russell2000. Is the rally of the last few days, over? Probabilities say yes and it is highly likely that we have seen at least a stop of it now. The DOW for example reached a level of a strong resistance and seemed to have turned down. All the Indices show a very bearish candlestick patterns on a daily close basis. Not a good sign for the hopeful bulls.

Added: Mar-17-2009 Occurred On: Mar-16-2009
By: RoyTrader
Tags: dow, spx, russell 2000, nasdaq composite,
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