Sun Oct 17


DOW weekly chart Fri Oct 15 inclusive shows the possible rising
wedge contained within the megaphone pattern.

DOW (belated) target for this up leg is 11,130 – let’s see if i’m right.
Last price 11,063

DOW/SP500 daily chart is now extremely overbought.
CRUDE 240 min chart is bearish. Daily is neutral to bullish.

S&P500 Financials Index daily chart continues to give bearish
warnings. Will post an updated chart tomorrow.

I still expect USD strength / EURUSD weakness once the equity
downtrend resumes.

The uptrend since March 2009 was a bear market rally contained
within a much larger downtrend that started in 2000. According to
my indicators the March 2009 lows will be breached.

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I read comments but they're not published. Troll IPs are automatically trashed. [crinia AT gmail DOT com]

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