IWM, daily
Trans, daily
Summary
Its been a difficult week, but its going to end in a rather entertaining way. Just scroll through all the chart/blog pages this evening/weekend, and you'll see a whole new set of top callers.
This will be truly ironic, since today is clearly a BREAKOUT. It is merely day'1 of a grand new wave higher, one that looks set to continue for many months.
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Yesterday is even more amusing in retrospect. Bears get a mere 1% on Wednesday, only to see the Sp/Nasdaq close at new highs the very next day, lol.
..and here we are.. with absolutely decisive breakouts for the ENTIRE market.
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Without question, the Bernanke should be congratulated for today's great progress. Incredible, and all for the price of just 85bn a month. An absolute bargain, considering the US economy of 15 trillion per annum.