After the huge move last week, I now see a possible inverted H&S on the DJ. This could have validity as it has formed over a nearly 8 mth period (from the valleys of the left to the right shoulder).
Should it hold above the neckline in the next week or two (or worst case is a retracement of 38.2% from low of Jul13 to current peak to about 8600), then I could be looking at a possible longer term upside target of around 11245 (61.8% retracement up of the entire Oct07 to Mar09 bear move) to 11330 (inverted H&S target).
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