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Chapter 1. Contemporary Market Case Stud... > Dow Jones Industrial Average (^DJI):...

Dow Jones Industrial Average (^DJI): Weekly

Figure 1.12 shows the actual chart from the April market report. Clearly, the breakdown was beginning to accelerate. The impending breakdown of the sharp up trend line and the reversal at the weekly 0.618 retracement were distinct signs of the continuation of the bear market.

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Figure 1.12.


  

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