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Market Radar: Equity to Decline, Gold Up, Oil Bullish

Friday, August 6, 2010

Monthly S&P - The Big Picture

By W. P. Sarubbi
Cyclesresearch.com

Welcome to the first installment of Market Radar.

We believe that the equity markets are likely to decline into the autumn. There are several reasons for this point of view. One of the most telling pictures is the graph below. This is the Standard and Poors 500 on a monthly basis. The top strip shows the index while the bottom strip depicts the rate-of-change. Note that the market remains as overbought as in 2000 and more overbought than in 2004 and in ...

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