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Dow theory in play and it suggest a gloomy outlook

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Indice Dow Jones Transportation Average (DJ:DJT)  
William-trading  
DJ:DJT   Indice Dow Jones Transportation Average
Wave Analysis Chart Patterns Trend Analysis
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Classic Dow theory suggest a downtrend ahead and the outlook may look gloomy as the Transportation has not been making new highs and instead it makes new low. Beside that, there is a high probability that the transportation will break the diamond top pattern.
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