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Wednesday, September 29, 2010

Dow Approaches 200 Week Average Resistance

The Dow Jones Industrials are closing in on the 200 week moving average at just under 11,000.  After closing above that level for one week in April, they have remained below since.  Back in the summer of 2008, the Dow kept bumping against the 200 day until all hell broke loose to the downside.

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