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Wednesday, January 22, 2014

Update for Jan 22, 2014 Wednesday

The markets continue to stay near the top even though technically they look weaker especially on candlestick charts. DJI is leading on the downside but other indices are still near highs.
DJI
SPY
DJT after  making a new high closed lower.
IWM Made a new high, but no SELL signal yet
TNA
TZA made a new low
TNA made a new high

GLD Gold ETF  No SEll signal yet
HUI  Amex Gold BUGS Index  Continues to move higher even though Gold dropped yesterday

GDX   Gold Miners Index Keeps on going UP



NUGT  Making New Highs Everyday

DUST 3X Bearish Gold Miners Making New lows



Here are more predictions about Gold by the top timer in 2013
http://clicks.aweber.com/y/ct/?l=Jg.i0&m=JO4H7nGY3lrk7z&b=Qe1Mh1U8v7DGzKl1tS9tVA
The following chart is from the above
There are 3 possibilities above only one of them is bearish. We prefer long positions at this time

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