TVC:DJI   Dow Jones Industrial Average Index
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With the Dow taking the 20000 level I'll be watching for an exhaustion run possibly around the 21000 - 22000 area. There is some confluence of the 200% fib extensions in this region. Being untested ground, it is near impossible to predict a level. I'll be watching for some form of topping formation before doing anything.

I don't see any serious support until around 13000 - 13500. I'll wait and see what environment we are in if we get down there. As for a time frame, anyone's guess is as good as mine.

I am posting this for my own record. This is just how I am reading it and does not constitute trade advice.
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