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I think you're probably right. From 13,500 - how far do you think it'll go before it bottoms?
Why the DIA? It's not a particularly impressive ETF. If you believe it, get the ultra version.
DIA barely crossed the 50 EMA today which is a positive sign, however, where is the volume? Look for a large volume and big price early next week to confirm this upward direction....In any event, the right side of a cup is being formed, volume should increase from here.Twice this has found support at the 200 EMA.