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Weekend Report…Portfolio Combo Charts

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“Tonight I would just like to post the weekly combo portfolio charts as they cover most of the important areas of the markets that are doing pretty good right now. By looking at these combo charts you can understand why I still remain bullish as there are so many beautiful consolidation patterns that have built out. When you see them all lined up on one combo chart they tell a story of the underlying condition of the market.

One either believes in their trading discipline, whatever it maybe, or they don’t. We’ve looked at many very long term charts with ten plus year consolidation patterns that are strongly suggesting that we are in a secular bull market that began in 2009. This means we have to trade by bull market rules which is to buy corrections when they occur or buy the breakout of consolidation patterns”

At some point this rally phase is going to come to an end and it will be time to consolidate these moves. Until we see a big top building out the bull market lives on and by the looks of some of the commodities charts their bull market is really just getting underway with their first real impulse move higher out of their H&S bottoms. I can guarantee you there are going to be some tough times ahead when it’s going to feel like the bull market is over. The bull likes to take as few investors as possible on the ride up until the end where he will allow everyone and their brother to get on board and that will be the time to jump off. All the best…Rambus