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Market Correction Around the Corner Dow Jones Monthly & Weekly Charts Overbought
Date: 4/25/2011
Market Correction Around the Corner Dow Jones Monthly & Weekly Charts Overbought
Market Commentary
. "Dow Jones Industrial Average" is overbought on a monthly chart and we're calling for an 8-12% correction in the Dow Jones.
The bulls have had a great move but we're experiencing higher inflation in commodity prices, oil prices, gas prices, and food prices because of the weaker "US dollar" higher gold and silver prices that could put a damper as the Dow Jones approaches monthy resistance levels.