peter,
to my eyes, the dow chart looks to be currently replicating the market action from end 1999 / early 2000. if we continue the pattern, downside is almost complete and we should see a strong rebound til early jan - a retrace of about 62% would see a continuation of the pattern.
us technical breakdown, page-33
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Last
8,226.3 |
Change
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Mkt cap ! n/a | |||
| Open | High | Low |
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| XJO (ASX) Chart |