Dow Jones Industrial Average Forecast September 3, 2012, Technical Analysis

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The Dow Jones Industrial Average had a bullish session on Friday as we bounced off of the 13,000 level. In fact, the weekly candle was a hammer as well and this suggests to us that this market is ready to start gaining again. If we manage to break above the 13,300 level on a daily close, we are more than willing to start buying names in the Dow 30. One of the easiest ways to take advantage of this would simply to buy the Dow Jones futures, which should the leverage the way the market behaves for you. As for selling anything doubt related, we simply aren’t interested in till we get well below the 13,000 level and truthfully would need to see the markets much lower before it became a serious thought.

Dow Jones Industrial Average Forecast September 3, 2012, Technical Analysis

Dow Jones Industrial Average Forecast September 3, 2012, Technical Analysis

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About:FX Empire Analyst - Christopher Lewis

Christopher is a part of the FXEmpire.com analysis team. He writes Forex and Commodities technical analyses on daily and weekly basis. Christopher writes his analyses in a professional and yet simple to understand manner. His analyses are available in both text and videos.

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