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Dow-mini: Bears Need to Break Under 33,500 to Start a Big Move Down
An FLD (or future line of demarcation) is an instrument suggested by J.M.Hurst. In essence its just High, Low, Close displaced by n bars. I use two periods, 8 and 21. The weekly chart of DJIA shown below showing the high price displaced by 8 bars suggests it can top…...