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Richard's Remarks

 

Listening to the financial news, it all seems to be about four matters: (1) US unemployment (2) the state of China's finances (3) whether the Fed will pull the QE3 trigger or not and (4) the labor mess.

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As you get older, you tend to think about different and probably more important and philosophical matters -- such as your purpose on earth, God, longevity, the meaning of life.

 

I've been thinking about a few numbers. Here we are on the good earth -- I've identified a primary bear market under Dow Theory. I believe I classified the trend correctly, but I'm not infallible. I think it comes down to two numbers.

 

If, in the days ahead, the Dow can close above 13,279.32 along with the Transports closing above 5285.97, the bull trend will be re-confirmed, and a lot of people will breathe easier.

 

But if one or both Averages fail to better ... Log in or subscribe to continue reading.


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