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Dow Jones 30 Forecast October 6, 2014, Technical Analysis

By:
Christopher Lewis
Updated: Aug 24, 2015, 22:00 UTC

The Dow Jones 30 broke the top of the hammer from the Thursday session during the Friday session after a better than anticipated jobs numbers came out of

Dow Jones 30 Forecast October 6, 2014, Technical Analysis

The Dow Jones 30 broke the top of the hammer from the Thursday session during the Friday session after a better than anticipated jobs numbers came out of the US. With that, the market should continue to go higher, but since we are getting close to a significantly noisy area, it is likely that pullbacks will continue to occur. Those pullbacks should be buying opportunities, as we continue to see this market go much, much higher. Ultimately, we have no interest whatsoever in selling this market, as the US stock markets in general are so strong.

 

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About the Author

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.

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