Dow indexes – Reaction swing of oversold conditions or start of short/mid term rally.


Let’s take a look at 3 dow averages. All three indexes moving in tandem lately. Technicals supportive and seasonals are on bull side for next couple of months. Let’s hope this rally is not reaction swing of oversold conditions. 

indu

tran

util

Seasonals are bit mixed for DOW industrial for 2nd half of March but April is ahead us and maybe rocket high rally 🙂 

djia

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