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Friday, January 24, 2014

SELL signals around the World

Friday Jan 24, 2014
Sell signals are visible in many markets around the world. That includes Japanese , German, French and Indian markets. This we have been warning for a few days and finally it is happening.This is all happening in accordance with Chapter 5 of our book. The decline is not over by a long shot. Gold continues to rise as currencies in Argentina,and Turkey and India are being hammered. This kind of thing can cause a world wide crisis as happened in 1992.Argentine policy makers devalued the peso, allowing it to drop the most in 12 years, other emerging market currencies started selling off also.  The Turkish lira plunged to a record low while Russia's ruble fell to a 5 year low and the South African rand moved above 11 rand/$.
DJI has the biggest 2 day drop in 3.5 months

DJT Transportation made a new high but it will also follow the rest of the market down
SPY  clear Sell signal yesterday
QQQ
IWM  Clear Sell signal
TZA Ready for a buy signal

TNA  Sell signal coming today
GLD moving  up on strong volume
GDX  Going up steadily


NUGT Making new Highs. Best performing ETF. We gave a Buy signal two weeks ago. up 40% since then
DUST  Worst ETF Lowest in 3 months
SLV  Silver not doing as will as GOLD ETFs
USLV

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