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When in Doubt, Zoom Out

The Compound and Friends

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The Key Reversal Day

Today's the key reversal day. We're seeing new 52 week highs in both the Dow Jones Industrial Average and Dow Jones transports. A lot of investors fail to realize that when you look back at all of the bear markets in history, you don't get a lot of new 52-week highs in those bear markets. So this is just further evidence of all of the other things that we've been seeing for over a year,. I'm wearing Fibonacci as my homeboy.

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