DOW reached all my downside targets this week. Today we hit the 12,499.00 target and went as low as 12,487.00 before rebounding nicely. I actually got a 4hr close above the red bar which opened at 12,561.00. It appears as if we have a nice bottoming formation for now on the 4hr. I look for price to test the 12,560.00 level and if it closes on a 4hr basis above this level I expect a test of 12,623.00. Look for some bullish bear flag formations and pay attention to closing price on 4hr and daily charts. DOW could see sideways to up patterns over the next few days. Options expiration's is next week so I really don't expect another big move until the week of the 22nd. If volume is light next week I would imagine we will see some up side and I will be paying attention to daily closes in price to give me my next entry. Overall nice market movement this week and some nice money made :)
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