Buy signals in the indices — buy the Dow, buy the S&P

Posted on Nov 16, 2009 by WHC Bassetti in Letters

Surprisingly when the Dow should be turning to drift it explodes.  This is a buy signal for aggressive traders.

We will be buying today, probably the DDM (leveraged Dow 2x).

And we will be posting shortly a letter doing an exhaustive analysis of the waves since March 6 which bears on our interpretation of this as a buy signal.  Stay tuned.

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