Technical Look at DJIA and Gold

Posted by Peter Grandich -

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The ‘Don’t Worry, Be Happy” crowd continue to evoke a “Rescue Me” theme at the 11,000 mark on the DJIA. Because of this, we now have some significant stops just below that level. A close below 10,975 can bring on a test of the 200-Day M.A. around 10,625. Keep in mind, we’re now in the “happy” people most “happy” seasons and the famous “Santa Claus Rally” can be evoked for the good of performance payouts so stay tuned.