I know this is a ad but it has some good charting / insight just in the ad on the major markets, I just buzzed thru it . The stuff on China and the Dow is interesting to our stock situation with China partners, the rising gold price, good guys (that's us) vs evil (Chavez)
Both China and North America are recovering. In anticipation, I expect, of a favorable outcome to the November G20 summit on currency reform. Failure to achieve a resolution would have serious implications for world trade. Quarter-end has passed with no sign of a correction.
The Dow is headed for a test of the April high at 11200. A Twiggs Momentum (21-day) retracement that respects the zero line would confirm an up-trend. Breakout above 11200 would signal an advance to 12700*.
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And I really liked this quote!
Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.
~ C.S. Lewis
