The Long Tail Up pattern forms when the price rises twenty boxes or more. It is the reverse of the Long Tail Down pattern but with less chance of a being profitable. I am not convinced that new bull market for $indu has started but when the facts change I will change my opinion. My work shows a 75% probability for a down market on Friday. Airline traffic is down 7% this thanksgiving season.
My wife Margaret and I are with my older son Alan and his wife's family in Tyler Texa for Thanksgiving. On to horseshoe bay Friday.
Wishing you and yours a blessed Thanksgiving day.
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