Betwixt and between…INDU wave analysis

Posted on Feb 23, 2010 by in Letters

We pointed out (the 11th or 12th Feb) that price was between the bump high and the low.  The bump high has now been taken out which is of course a bull positive.  Now price is again betwixt and between -- between the July trendline as support and the August trendline as resistance. Also under the Nov 2007 trendline as resistance.  Nonetheless investors should still be long the indices as the Basing Point stop was not taken out.

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