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Christopher Lewis
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The Dow Jones Industrial Average futures fell during the session on Thursday as the looming “fiscal cliff” continues to weigh upon the markets. Looking at this chart, it appears that we have quite a bit of support down to the 13,000 level, so we feel that any fall will be somewhat cushion. A move down to 13,000 would be welcomed by us as we think we could see some type of supportive candle in order to start buying again. As for selling is concerned, we wouldn’t do it until we broke well below the 12,800 level as we see far too many minor support areas between here and there.

 

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Dow Jones Industrial Average Futures Forecast December 14, 2012, Technical Analysis

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