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Market Breakout?
By:
StreetSmartPost
Posted on September 24, 2010 at 15:01 PM EDT
Saturday, September 25, 2010. 10.15 am. The S&P 500 spiked up to a fractional new high in yesterday’s big rally, and it caused a lot of excitement about a ‘breakout’. However, as the chart shows, the more accurate method of measuring a breakout is not whether it closed higher than its most recent high, but [...]
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