Nov 8 , 2013 Friday
As we had warned you on Nov 6 that the US market will make a new high and then start going down. The markets are giving clear SELL signals. Yesterday's big decline will result in some rallies but should be used to sell long positions.
DJI
SPY
IWM
As we had warned you on Nov 6 that the US market will make a new high and then start going down. The markets are giving clear SELL signals. Yesterday's big decline will result in some rallies but should be used to sell long positions.
DJI
TZA
GLD is giving a short term Sell signal but we will not be surprised if there is a rally . The decline in Gold & Silver is being caused by interest rate cuts by ECB.There is a currency war going on and rise in interest rates is not going to be good for US economy. We will not be surprised if Federal reserve reacts soon to reduce interest rates.
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