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Dow Jones: Announced 2-day Pullback Over

Franklin @ December 5, 2007 # 2 Comments

Monday Update Pullback day one: As I mentioned on Friday, the 2 to 5 day pullback started today. This pullback should be “news driven” and could retrace the four-day rally but not more. As of today (Monday 2 PM) I don’t see any signals pointing to a complete retracement of the rally. Tuesday Update Pullback […]

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Dow Jones 13,252. Not All Clear Yet

Franklin @ November 28, 2007 # 2 Comments

Last Friday I wrote that the Dow Jones was Ready for Next Leg Down. I said that “barring a surprise move from the Federal Reserve next week, the next meaningful movement for the Dow should be below 12,5000“. Today we had the surprise move and the Dow rallied almost 300 points. I will add here […]

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Dow Jones at 13,300.02

Franklin @ November 7, 2007 # 2 Comments

In October 22nd we said that the DJ was in for 400 to 600 more points of pain. Since then the Dow Jones went up a little and down a little, a lot of nothing happened until today. I still expect the Dow to go down to around 12,600 with a lot of noise and […]

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After exiting two weeks the Dow Jones goes nowhere

Franklin @ October 27, 2007 # 5 Comments

The past two weeks were very exiting. Companies reported large gains and large loses. Heads of CEOs may roll. By the way, it is near the bottoms and not at tops when all the bad news are out and CEOs are fired or go to jail, still I continue to expect lower short term prices […]

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Is the Dow Jones at a new high?

Franklin @ October 8, 2007 # 13 Comments

Two weeks ago I mentioned that current currencies have no inherent value, and I gave the dramatic example of the Argentine currency from the 70s to date. Today, I will comment on the myth of the new high for the Dow Jones Industrial Average, which is portrayed as an example of the economic health of […]

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At a financial crossroads

Franklin @ September 19, 2007 # 6 Comments

With gold about to retest the previous high and the Dow Jones average at less than 200 points from the previous high, I will look at two different scenarios and their possible implications for the consumer market. As I pointed out before, Bernanke’s solution to the “liquidity crisis” is utterly destructive because it implies more […]

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