14 October 2012

DOW, big rally?

click to read the picture more clearly

the dow suggests a strong rally, why? because the dow breaks out of the purple neckline for quite some months already.

since this is a monthly chart, expect quite some bumps ahead, the nearest one is the rising wedge which might pull the dow down significantly so it does not look like a breakout above the neckline, then all of a sudden, it rallies up to caught everyone with big surprises.

how will hsi behave? well, that is for the next update.

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