By: Evan Lazarus
The concept of symmetry plays a large part in technical trading. Distances traveled tend to be equidistant in length, especially when in a corrective wave structure as is evident in the DOW. Today the DOW hit the symmetrical price target of 10,505 before turning down intraday. We need to keep a close watch as this falls into the areas of confluence resistance that we brought to your attention in our November 23rd post.
