When we look at the Dow in terms of international currency, we can see that it is a real bull market except yet for the Euro. This is the only thing holding up the breakout through our 23,700 number. The currency flows should begin to intensify next year. This is why the political events in Europe are so important such as the strong-arm tactics against Catalonia. We are looking at the erosion of public confidence and when that unfolds in Europe, it will be Mario bar the door. A closing below 23,273 will be a technical indicator that we will see a correction for at least 3 days to begin with. A breach of the 23085 level on a daily closing basis will signal a temp high may be in place.

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