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Dow daily 25/07/13

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The Dow Jones has formed a lovely hammer off the short term uptrend to day which should be the 4th wave of this sequence.

Note how it was also close to the 23.6% Fib and the hamme low formed at exactly the level of the candle bodies of the two earlier dojis.

I'm targeting c. 16178 for the top of this move before a correction down towards, but not below, 14550.
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