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CHART ANALYSIS  |  November 20, 2008
Further Downside Risks Lurk Over The DJIA
The intraday charts could be suggesting that there is further downside risk for the DJIA. The one- and 15-minute time frames have now gotten a lower high and lower low. There is still hope for the bulls, but if the market doesn't get a shot of capital soon, it will lose a coveted key area of support. Accumulation with expanding volume at key support is the only thing that will keep the DJIA from hemorrhaging further.
by Ron Walker

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