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Markets - DJIA 12,317 dn-75 p&f chart.
My last report on the DJIA was dated Mar.12th then at 12,179 and also
that was a repeat of report Mar.9th, I wrote:-
".........Now we are going down for the 3rd leg, target 11,600 and below".
I wrote that on Sunday and on the next day Mon. Mar.11th the intraday low
hit 11,691. So Mar.12th a repeat without a doubt of to future forecast.
Right on target, on Mon. Mar.17th ( again a Monday, note ), the intraday of
the DJIA low hit 11,650. That made a double low on the charts. The next day,
"low and behold" the DJIA went up+420 pts. to hit an intraday high at 12,411.
With that written in "black-on-white" there can be no doubt what will come next.
The point and figure is here for your tired dark eyes, and we have hit that falling
red 45 degree line of major resistance, so expect the DJIA to close down
today and the markets to go lower. Any move of significant close below 11,600,
the DJIA will go to the next math number at 11,100, mentioned in my report
dated Mar.12th. "Say no more". That is a future forecast by yours truly.
Advisors Sentiment. www.investorsintelligence.com
914-632-0422 NY, NY.
"Advisors continued to express new pessimism regarding the market, & the
Bulls fell further to 30.9% this week, extending previous weeks drop to 31.1%,
from the week before Mar.5th that at 41.3%.
There were also more Bears at 44.7%, up from 43.3%, & 36.2% prior two wks.
The Bears remain well above the level of the bulls".
Charlton Capital Ltd. Mr.618 and # 1 in timing.
As I close at 2.15pm the DJIA is now at 12,233 dn-156. C-U lower at 4pm.
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