DJIA Toppy!

Last week, I wrote “This market, exemplified by the DJIA, is getting very close to giving a sell signal. A weekly SELL signal would be generated by taking out 14,927.19. A monthly SELL signal would be generated by taking out 14,760.41.”

Today the low was 14,920.83, thus we have a weekly SELL signal and we wait to see if the monthly SELL signal is triggered at 14,760.41. If we do then the minimum target is about 14,000.

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