dow - last of the rally tonight

  1. 6,975 Posts.
    Those taking up the free week offer from elliotwave.com will have observed that tonight should see the last of the long spring rally. The expect the price to decline beyond last Octobers low.

    Gold is also overbought and about to turn according to them so folks should be shorting with a stop if the price goes above $375.

    I have gone substantially to cash as our index doesn't look too crash hot either from the look of the charts despite today's uptick.

 
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