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Thursday, September 27, 2012

OIL HAS BOTTOMED

Oil has formed a swing and bounced off the 50% retracement I was looking at as a possible cycle low target. Gold, silver and stocks have clearly received the signal and are ready for the next leg up (which should mean the dollar cycle has topped and is ready for the next leg down).

Stocks may be locked in a runaway move which I discussed in last nights report in the premium newsletter.

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