STRONG DOW WEAK GOLD

DOW TO BEAT GOLD AT LEAST UNTIL MID APRIL

On February 23 I posted a blog entitled "Dow Triggers Short Term Buy Signal"...the index closed the day prior at 16621 and yesterday closed at 17717, a gain of 6.6 percent...the forecast was that the Dow could rise "until the last week of April." A look at the the daily chart of the Dow shows that it could encounter resistance around the 18000 level but there is as yet no signal to sell.