Dow is currently up 140 points. Based on charts, it bounced off the black trend line support. (lows of Mar and Jun'11 as well as Oct's top)
Immediate resistance at 12987 (50ma) 13033 (14ema), 13115 (20ma)
For those risk adverse, can stay sidelined until the 20ma is cleared. Indicators still look a tad bearish. But the strong rebound might suggest that the bull might continue.
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