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powerintegral

Dow/Gold ratio at importance resistance, expecting downside

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powerintegral  
INDEX:DOWI/COMEX_EOD:GC1!   None
Gold DOW industrial ratio Elliott Wave waves
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gold dow industrial ratio elliottwaves waves
The Dow Jones Industrial to Gold ratio has reached a key resitance area near the 15 level for the completion of what we believe was corrective wave 4. We are expecting a continuation of the bearish move with the final downwave V. First target near the 2011 low of 5.69.
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