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Categories:Support / Resistance Lines
General Market Commentary
Should the market continue to decline my projected low for the bear market would be between 15974-16012 on the Dow Jones. This level represents a major buying opportunity in stocks...likely on par with buying stocks at the bottom of the Great recession (March 2009).
The 10 year treasury yield has collapsed to < 1%. It will recover and break through 3.25%. Once the move is underway we should expect the true "great rotation" from bonds which will lead to all-time highs in stocks.
Chinese stocks led the 2009 recovery and likely will do the same this time around.
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