A Dow buy signal.

Posted on Jan 19, 2012 by WHC Bassetti in Letters

It is impossible to interpret yesterday's action as anything but a buy signal in the Dow.  Prices went to a new recent high on a power bar -- and -- the downtrend line from March was broken on the same bar.  We are buying for our personal account.  Taking out the March highs will be very bullish.

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