Dow Tag

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I’m helping a portion of the Knight family get ready for a trip, so this will be quick ‘n’ simple – – I find the position of the Dow 30 chart relative to its trendlines to be quite interesting. It’s not only tagging the top of a well-defined wedge, but it’s also just beneath the trendline extending to the March 2009 bottom (remember that? March 2009? About 75 years ago or so?) Let’s see what the ECB does in the morning to either break yet another trendline or get this market weak again.