Trading with point and figure

dax since 25th Feb

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DOW
bears have been toasted for nearly 4 months

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we posted this chart yesterday
it went into a consolidation in january to correct the overbought condition

first move ...is to correct the overbought...then it could go bearish
or even bullish
 
if we break 11984 area...bears lookin for 12K to 12012 as rez on the bounce
this is no done deal for the bears...could go higher
 
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