The DJIA is starting to correct; should the DJIA hold the previous high of 11,722, then there will be another opportunity for the DJIA to exceed 12,500. Should the correction fall below 11,722; then almost certainly the highs are in.
Gold is soaring and the dollar is falling. This should continue with new highs before mid […]
Archive for November, 2006
The DJIA is still hitting new highs almost every day; yet without any real major upside thrust. I still am very skeptical that we will reach 12,500 on a closing basis; but as in the case of 11,722 (the previous DJIA high) I can (and am) be wrong.
Gold is still well over $600, the ounce. […]
This is the first of our new weekly letters (or missives, if you prefer).
The DJIA appears to me to be topping and should top out before reaching 12,500. The initial correction will no doubt hold 11,000; the subsequent rally, is the issue. Will it exceed the previous high? I really do not think so.
Gold is […]