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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: Blue On Black who wrote (23275)	3/30/2016 10:03:13 AM
From: skinowski	Read Replies (1) \| Respond to of 41411

INDU seems to be the leader - in a sense that it's the only major index which - as of today - took out its late December high. Another technically interesting thing is that COMPQ this morning made a strong gap above its 200dma. Last time it crossed that ma was on the first trading day of this year, when it made a big gap down, which led to the Feb low. The dollar continues to be weak - but on the daily, it seems to be completing a down wedge since January, into a test of its late last year's low near 94. Wouldn't be shocked if before long it finds a way to kick butt to the upside... But it's better to wait for a confirmed breakout.