Good riddance to the old year. Happy (and prosperous) New Year.

Posted on Dec 28, 2011 by in Letters

Since this moment is the product of the past, here is the past.  The bear market of 08-09.  The dominant fact here is the trendline from March 09.  Not to mention over 700 days of bull market.  But after that, in June prices broke the trendline and then all hell broke loose.  There were several trendline breaks before the June break, which we noted at the time.

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