Dow up. TLT (bonds) down. Big breakout? Could be.

Posted on Nov 06, 2010 by in Letters

http://stockcharts.com/h-sc/ui?s=$INDU&p=D&b=5&g=0&id=p75064008702&a=203281655

Signals are like men.  Sometimes they are dependable, sometimes not.  Thursday's power bar appears to be a very strong signal, and only time will tell.  But as analysts, traders and investors not acting on that power bar would be a failure of method and discipline.   These remarks are addressed primarily to traders.  Trend followers should have been long for weeks, or months.

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