DOW: The gap down this morning was bought immediately and if DOW can break 16420 today it may setup a 3 of 3 pattern..highest target on a 3 of 3 would be as high as 17,100-17,200 on a 1.618 move..past 15 days, we got W1-w2 before W3 in a large cup and handle which is the strongest W2 formation in existence..

NASDAQ:

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