From World King News by Ron Rosen
"The general expectation is that if the Fed continues to do QE’s, the Stock averages will continue to move up. We know that gold is in a long-term bull market. The S&P 500 and the DJIA, if left on their own, would normally begin a leg E collapse at this time (see right hand side of chart below)."
Peter Grandich also believes the DJI average will peak in the 16,000 area and then start a huge E down leg in the megaphone bear market formation indicated in the following chart.
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