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Dow

30 Mar 2013 ‚óŹ 12:07 PM

Last week I discussed both the Dow Transports and the S&P. The transports did not break the rising trendline and thus did not confirm a trend reversal. The Dow continues to split up into minor extentions and this time wave v of V is subdividing into an impulse. This could take over a week to complete. So while in the final legs US markets continue to extend till reversed. The Dow transports chart first below shows the Channel supports holding and the next one the Wave counts of the DJIA.

DJT300313

dow300313

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