10/28/2025
The DOW hit a a target area of 47,775 and close at the lower end of today's range. Does that mean anything? Here the 30 minute chart appeas to be truning down RSI at top, price itself turning down this afternoon, and PMOP slightly lower than at the third wave high as it should be.
DOW theory holds that one index should confirm the other. If Industrials make a new high, so should Transports. That did not happenh today,see below TRAN compared to chart above
After a bounce last week on Russian sanction news, WTIC pulled back today. This should be a wave two, let's see how the week develops.
I am buyins ZSL a short silver ETF. It should move much higher. Apparently DZZ is an end of day fund, short gold, let me investigate further.
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