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Tuesday
Dec272011

Dow Reverse Head and Shoulders

DateTuesday, December 27, 2011 at 06:18AM

On Friday, the Dow Jones Industrial Average broke and closed above key resistance.  As shown below, the index broke above the neckline of a reverse head and shoulders pattern, which is a bullish technical formation.  This opens up quite a bit of upside room to run before any new resistance levels come into play for the Dow.

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