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Written by Richard Russell - Dow Theory Letters
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Tuesday, 02 August 2011 06:19 |
The Stock Market & How should investors react to the debt deal
"If the markets don't rally, it will be a very bearish indication," says Richard Russell, a longtime market technician who writes the Dow Theory newsletters. "The real horror would be if the debt limit is solved and the market continues to go down."
....read more HERE
Gold $1,880
As the gold price doggedly trades above $1,600, the Godfather of stock market newsletter writers, Richard Russell, recently wrote that he’s targeting $1,880 for the king of currencies, gold.
“There isn’t much clear and defined in this market except for gold,” stated Russell, the author of The Dow Theory Letters. “How much of this is based on the Washington shenanigans I don’t know, but once the debt boost is solved the test will be whether gold tends to hold its gains. By the way, the P&F [Point & Figure] chart shows a price objective of 1,880.”
....read more HERE
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