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6
Reasons for Support at 7150 - 7225 on the Down Jones Industrial Averages
By Robert Giordano
Reason 1
Most have come to realize over the past several months that our financial
markets are showing extreme volatility in regards to DAILY price swing
fluctuations …….But why?
Playing with the Dow Jones industrial Average on a monthly chart and looking for
some key support or resistance levels using the Gann Grids Ultra software
several unique discoveries were found.
What was discovered after applying Gann’s master squares as overlays along with
others (90, 144, 52 and 14,407 the square of the high) I found the square of 144
was by far the most consistent in both time and price fluctuations then all the
others!
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