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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 44.18-0.1%Dec 26 4:00 PM EST
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To: kapex who wrote (83386)6/28/2013 2:34:50 PM
From: #Breeze1 Recommendation

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architect*

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Kapex,

Here’s a monthly chart of the ratio of the Dow Jones Indus to Gold. This ratio went from 44 to 5.8 when it bottomed and has moved higher since.

I've overlaid an Elliott Wave Count on it.

After wave 3 was complete and a corrective Wave 4 rally commenced. Which meant that DJI would outperform Gold. And that did occur.

Look at the how far and how long Wave 4 moved higher. Well yesterday it hit a key resistance trend-line. If this holds then Wave 4 is complete and Wave 5 will take this ratio lower.

Which means Gold will begin to outperform the DJI on a relative basis.

This is another factoid that suggests this gold correction is/about complete.

Cheif is the EWave master and has pronounced this correction as over. So it is written…..



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