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December 21, 2013

Dollar Ready to Roll... Over

Friday's action brought a new high to the cyclical equity bull, confirming our suspected Day 49 daily cycle low and putting stocks in position to rally into the end of the year. While our intermediate cycle view for equities suggests stocks should be approaching an important peak, daily cycles tend to rally for at least a couple of weeks, even when destined to fail, hence the expectation for stock to rally through the end of the month. What the new year will bring is open to debate, but I suspect ...


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