Market Direction and Stock Trends

[chemist72]

So far, your projections are spot on. We peaked last week at 23,602.

Could this be a near-term top?? I too am worried about the implications of a failed tax-reform package. Imho, the market could react very negatively to such an event.

I'm looking at buying some gold-backed securities as a hedge on a market pullback. Not sure how that might work out as I have only limited experience in the gold sector.