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Rally to Begin for At Least Two Months

Franklin @ October 3, 2008 # One Comment

I mentioned before that there is no correlation between the markets and the economy. As matter of fact, when the Dow Jones was at 14,000 I wrote about how bad the economy actually was. It is easy to talk about a bad economy when things look bad, it is another story to do it when […]

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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 Finds A Convoluted Way to Do Nothing

Franklin @ November 15, 2007 # One Comment

Last Friday I wrote that the Dow Jones at 13,099 should see a rest. I pointed out that some statistical barriers had been broken, and that the fall should stop around there. I was wrong by 0.6%, but not much more. And then, on Tuesday, we had this huge run rally of some 300 points. […]

More on page 117

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