Monday, December 14, 2009

US Markets - Dec14, 2009

US dollar retracement underway, as expected. Any additional near term advances in the US markets should be viewed as a selling opportunity. Dollar correction has potential to retest 75 range. Once retracement is complete, the US markets will resume their downward slide. Targets to watch...S&P 500- 1085...DJIA-10235...NASDAQ-2115. Events to watch...Possible Monthly Gold reversal, if this happens significant downside is likely. -Dio

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