A buy signal in the Dow.

2010-06-16-induYesterday prices powered across the signal line in the dumpity-bumb-dump pattern (or whatever it is we call it).  This does not guarantee the resumption of the uptrend, but it is the way to bet for moderately aggressive traders and investors, as Napoleon said about Kenyatta and Runyon said about the heavy battalions — or was it ….?

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  1. mbirenbach@orchestralfinancial.com

    …or should we be on the alert for this being the potential formation of the right shoulder of an intermediate trend reversal pattern?

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