Can the Fed Beat this 'Expanding Wedge' Pattern?

By: Marty Chenard | Thu, Jan 16, 2014
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If it wasn't for the Fed, this DJI chart would already in big trouble. While the yearly DJI chart does show its first 2014 tick as being inside the expanding wedge pattern, a lot of money is being pumped in to try and get the DJI back up higher.

The question will be: Will this turn out to be money well spent? I ask the question because expanding wedge patterns typically identify exhaustion levels where a pull back occurs like at labels 1 and 2.

Dow Jones Industrials Chart: Expanding Wedge Pattern



Marty Chenard

Author: Marty Chenard

Marty Chenard
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