Big doings in the Dow (and the market)

Posted on Jan 24, 2010 by WHC Bassetti in Letters

3 -- 572.25 -- 5.33 -- 50

Three days.  572.25 points.  5.33%.  Closed below the 50 day low.  50 day.

Technicians who know about systems know about the famous Turtle System, which is a variant of the Donchian high/low breakout system.  In this system, to radically over simplify,  the trader buys on a break of the 20 day high and sells on a break of the 20 day low.

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