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Thursday, October 7, 2010

Non confirmation between DJI and DJT

The last two days of new highs in the Dow Jones Industrial index has not been confirmed by the Dow Jones Transportation index. That doesn't mean, that a top is firmly in place, but it could be a warning that we could be near an important top.

A break above 4,614 in the DJT will eliminate the non-confirmation.

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