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How Chinese Investors Could Send The Tech Boom Into Overdrive

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Chinese residents have long-since missed…

U.S. Market Growth Weighs On The Global Economy

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As the United States continues…

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Marty Chenard

Marty Chenard

Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he…

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Can the Fed Beat this 'Expanding Wedge' Pattern?

If it wasn't for the Fed, this DJI chart would already in big trouble. While the yearly DJI chart does show its first 2014 tick as being inside the expanding wedge pattern, a lot of money is being pumped in to try and get the DJI back up higher.

The question will be: Will this turn out to be money well spent? I ask the question because expanding wedge patterns typically identify exhaustion levels where a pull back occurs like at labels 1 and 2.

Dow Jones Industrials Chart: Expanding Wedge Pattern

 

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