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Friday, November 25, 2011

Stock, Gold, and Bond Markets Holiday Observations

The whole family is gathered here, and I haven't heard so much laughter in a long time. We are also celebrating the arrival of a new granddaughter. I hope you all have much to be thankful for, too.
The VIX appears ready to break out of its diamond formation. This will likely be manifest by a strong surge above its October 3 high. The diamond formation is a classic reversal formation usually accompanied by strong volume once the breakout occurs.

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