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I'm not convinced that we are out of the woods. Looking over the DOW chart pay particular attention to my notes on the DI indicator at the bottom of the chart.
In early May we were getting the warning signs that the bull rally was getting tired. The DI+ topped and started rolling over. Need to see that get above the trend line (tan line) to restore confidence that the bears have left the building.
In early May we were getting the warning signs that the bull rally was getting tired. The DI+ topped and started rolling over. Need to see that get above the trend line (tan line) to restore confidence that the bears have left the building.
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