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Tuesday, February 26, 2013
Midweek: The Dow 2
Looks like a broadening formation in the Dow. 4 hour chart below.
Broadening formations are no good for trading. They tend to be unpredictable, the only somewhat predictable thing about them is that they foreshadow volatility. Don't let a big up day fool you into thinking that the market is stabilizing, it's going to be best to stay away for a bit. Expect some big swings in the days ahead.
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