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Dow 13000

Today was a fairly quiet day overall.   The market consolidated most of the day.  At one point was 20 points away from Dow 13000.  At 2pm the dow broke below 12960 and the sellers stepped in a bit to drive the indices into negative territory.

Our feeling is that the psychological 13000 level will be reached  in the very near term. At that point, we will re-evaluate the markets, but our first thought is that once the market breaches that territory, a correction of the markets may occur.

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Categories: Market Set Up
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