We are oversold enough for another rally try which I believe will also fail. Some esoteric trendline calculations and a bit of fibonacci number fitting is indicating this market has a ways to go on the downside before any durable trend change is possible. Whether or not we hit my 6800 DJIA target zone this month or next year is a moot point, it's coming one way or the other. The potential for much lower prices exists. IRA investors should remain in cash.
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