Market Report 4/12/16, sell trailing stop 17316, CG(4670),11/20/15

DJI Futures 13, market was up triple digits gain, stochastics mixed, 6 out of 9 stochastics up, plenty of support below at 17116,16870, Yellen hordes are to resume Unified Party USA lecture basics for Trump/ Sanders doubters and  infidels. 
On the DJI monthly chart the market is making the beginning of a new down leg to 15,351 and 12,081, which is bellow the 50% re-tracement point of 12,425, i.e a nasty bear market, a drop below 17430 will complete top, market losing  momentum. The market will re-try  to breach the top formation  of the upper corner of the declining tops triangle resistance bounded above by the 17603 and below by 17,550,16,975, 15,946,15,370,and 12081 mean support bands. Watch for DJI breaking support and gold breaking over 1282 after correcting to lower 1100.  The very sneaky Paul "I was Romney right testicle" Ryan was supposedly meeting with anti-Trump conspirators and donors in New York on the materialization of his boyhood dream to be a US President, just as irreversibly retarded John "Pothole" Kasich with his 146 delegates. Ryan denied that he wants to be a President (HO-HO, HA-HA), we'll see ya tomorrow. Colorado Republicans are mad as hell for being short changed in delegates by the RNC conspirators and then warned of trouble ahead, sign of things to come.
In these times when endless lies and distortions, please check "Ziban Must Die" for a chilling view of the non-linear events ahead Also read the blog today what Charlie Munger had to say about where we are and where we are heading to, "Charlie Munger share his wisdom" on bibi1581.blogspot.com. Gold /GC down to 1256 on USD/CHF weakness, 5 out of 9 short term stochastics down, losing again relative strength, a break below 1220 will lead to test of 1138-1175 area, resistance 1352, support 1173, long term support at 1045. USD/CHF down to 0.9522  and keeps going down until after the election..., a break below 0.9432 will lead to a drop at 0.7, a crash, USD/CHF in long term decline, a bear market rally last four months now topping out, 8 out of  9 stochastics up, including monthly. Watch the stop at 17,316, buy position established at 17300...Disclaimer: Investing in the stock market involves risk of loss. The market commentary provided by bibi1581.blogspot.com is for entertainment purpose only, and it is not to be construed as suggestion or investment advice to buy or sell securities. Always consult a registered investment professional or broker before committing money to any stock or option instrument. Bibi1581.blogspot.com is not responsible for any direct or consequential losses incurred in violation of this disclaimer. Read all SEC rules and regulations before making investment decisions.

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