“Richard Russell, author of the Dow Theory Letters, is sticking to his May call that a primary bear market signal had been confirmed. This is according to his interpretation of the Dow Theory.
He writes about what to expect in King World News:
The best way to describe the primary trend is to compare it with the great tide of the ocean. Once the tide turns down (as now) I compare it to a broad irresistible force. It’s a force that can’t be timed or described in detail.”
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