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Markets - DJIA 11,560 dn-251 or 2.1% p&f chart.
So what is the problem today? The Talking Heads will explain it all
tonight on the box. Don't forget to watch and compare to reports here.
Take a look at the chart below, the red circles indicates the DJIA
progress so far to 1pm. today. Reversed down 7 sqs.
Last report, dated June 11th, then DJIA at 12,083 dn-206 and I wrote:-
"The Wall Street analysis say "you can't time the markets". What a
load of utter rubbish. They are full of fundamentals and never seen a
chart. Chart here, for "your eyes only" and do you like the pattern.
"Next" downside target is at 11,600. Back to the Mar.17th low intraday
11,650". End. ....and so it came to pass.
Rt.now at 1.08pm the DJIA is at 11,576 dn-237 and so we have hit my
target which means we are now oversold, but very short term. ( S.T.).
A bounce? You may ask, don't bother to think about it.
And, we are not in an official recession yet, by gvmt.standards.
Charlton Capital Ltd. Mr.618.
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