11/19/2005

Markets: we are still a long way from the old stock index highs (11,436 vs 10,865 close on 11/18), but we have broken out of the trading range we've been locked into for a year and a half. I posted back on 11/12 that the markets looked to be on the verge of a breakout. A real double bang breakout would take out all the old highs, which is what I saw on the charts.

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