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Dow daily 24/05/13

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Based on the earlier discussion about the likely need for a final wave up in this sequence after this retrace, I'm planning to go long at the channel support with a stop below the 14887 breakout level.

That's quite a wide stop so it'll naturally be a very small position. Trading the indices is very risky due to the extreme leverage. Also, final waves up can be unpredictable and can fail to make new highs.

Don't trade indices or FX unless you know what your doing and your risk and money management are very good
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