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Tuesday, 22 July 2014

Dow Jones Industrial Index: 22 July 2014, Tuesday, 6.50am Singapore Time

Dow Jones Industrial Index: 22 July 2014, Tuesday, 6.50am Singapore Time
Chart courtesy of StockCharts.com

DJIA awaiting a healthy correction

Breakdown, if any, will occur at the apex of the wedge, rendering the breakdown unreliable.
US markets are one of the very few markets in the world to maintain a bullish stance. DJIA price structure, as above, is warning that any sharp correction, when it comes, may not negate its long term bull market.

Expected correction:
around -2000 points

Donovan Norfolk Technical Rating:
Mid Term Correction Expected
Long Term Still Uptrend




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