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Tuesday, 26 January 2016

DOW and NASDAQ correction to continue

Click on chart to enlarge.

Last week's rebound in the markets was short-lived and both Dow and Nasdaq are again losing ground.
Reviewing the long-term patterns, there is considerable scope for further correction, and few hopeful headlines in world economics.
The Bear Market is likely to continue for the rest of 2016.
The chart shows the Dow in red (both graph and trend lines) and the Nasdaq in blue. Both have already fallen by 12% since November. The Dow will probably have fallen by about 25% in all by the end of 2016 and the Nasdaq by 32%%, as indicated by my curved arrows.

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