DOW JONES

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GENERAL OVERVIEW OF DOW JONES MARKET

ISSUE DATE: MAY 26, 2006

DOW should rally to target 1 and be at 11650 on June 6. Watch out for directional lines, D1 & D2, though. They could force DOW down and out of the IC2 cycle before June 3. If that occurs, then price should fall down the D line channel to target 2, which will also be a very bearish long term signal.

If DOW does finish at target 1, price will be slightly above the C lines and be free to move higher. On the other hand, a subsequent break down through the C lines would be a weak signal and price would likely fall to IC3 and IC4.