Out with a whimper, in with a bang. Dow breaks out.

Posted on Jan 05, 2010 by in Letters

High volatility continued from the last bar, and it appears that the Dow has broken out of its rectangle.  We regard this as a signal for aggressive traders.  It seems there is some ambiguity here as we will discuss below.

Gold also displays a buy signal with a gap across a high line with a tight downtrend line being broken.

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