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Thread: Dow-recommendations

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    Default Dow-recommendations

    Swing Trade


    Long 1 mini Dow from 13,330; if you are still in this trade, place a limit order to take profits at 13,692. If you are uncomfortable with the downside, place a stop order to lock in profits at 13462. If you followed our advice, you would have been filled on the profit target today at 13,692 for a profit of $1810 before commissions and fees.

    August 2nd - At the time of this report, this trade was profitable by $990 (on a mini) before commissions and fees. You may want to consider taking profits ahead of the report and re-buying on a dip. Our longer term target is 13,740.

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    this info is really outdated for the day it is posted...
    maybe this, spam???

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    I think if the GBPJPY goes down its a very good indicator that the Dow will slide as well, I have found that they have a correlation above 0.9

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    Yesterday's daily candle on the dollar index chart hinted at a possible short squeeze in the index ending the day with a small body and a deep lower wick, indicative of a hammer, but so far in early trading this morning this signal has failed to be confirmed and the downtrend in the index appears to be continuing unabated with the initial level being 78.40 and should this be penetrated, which it probably will, then the next significant level is at 76 and below this we begin to plumb the depths at 72. Should we get as far as this last figure then we could currency pairs such as the pound dollar back to 2 and the euro dollar above 1.6.

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    Fridays barging buyers have continued this morning with the Dow at 8624. The yearly high is at 9048 and this is seriously looking to reach these highs over the coming sessions.

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    Dollar rally stopped today during the last minutes of operations at Wall Street. A last moment rally to the upside eased the losses in U.S. markets. The Dow Jones ended at 8,676 rising 60 points in the last hours. Nasdaq finished the day down 0.59%. Dollar now is retreating from intra-day highs against CHF, EUR and GBP.

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