World Blog by humble servant. Market talk...
Well the Dow barely made a new high in February, the high made with the economic confidence model is still indicative of a pause and trend. It does not appear to be a runaway to the upside and we should now expect a sharp decline to begin for this week we have initial support forming around 28,800 and 28400 levels on the weekly basis. Closed for February below 281415 at the end of the month will confirm a correction is at hand. The main support will be 25300 low and only a monthly closing Below that will warn of a potential serious correction down to the 21,000 23,000 area. We still have a possibility for gold reaching a high on Monday perhaps in the 167,1690. It has been moving up to fast in this is clearly warning that the Rally may not be sustainable in February. The closing for February back below 1615 which is critical technical support for Warn that we may see a correction there after the next turning point will come in May/June.
June.
June.
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