Island Reversal
Please click here for a chart of Dow Jones Industrial Average ETF (DIA).
Note the following:
- The chart shows the formation of an island.
- The island formation shown on the chart is considered bullish in traditional technical analysis.
- This island formation was due to short squeeze. Please click here for a chart regarding short squeeze that we previously provided.
- Since the island shown on the chart was formed due to a short squeeze, investors should consider this formation suspect.
Presidential Debate
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