Bob Hoye:”Central banks own bonds but want inflation.”

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The global crash in so many items into August 24th was outstanding. So have been the rebounds. The ChartWorks had the high-side at DJIA 17870 and the high was 17797, which was reached at the first of the month. The correction was to 17210 and the high has been 17914.

The highs accomplished an impressive swing in momentum and a Sequential (9) Sell, which is pattern. An intermediate correction seems likely. 

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