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Thursday, March 10, 2011

DOW...flag? parallelogram

DOW 2 hr chart shows a potential flag/parallelogram if it breaks down target 11800.. IF !

DAX 1 hr and 2 hr charts

DAX 1 hr chart showing classic triangle, false break a couple of days ago..subsequent shoer squeeze mad a lower high again, today we have the break lower.  MIND the GAP DOWN...expecting a fill and add to short..if we get a close back in the triangle..stop out

2 hr chart shows longer view and target area, which can be seen to be previous support and resistance area.

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