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Tuesday, May 11, 2010

$COMPX

I thought this updated look at the long-term weekly $COMPX was interesting. On this bar chart using a log scale, Monday's gap-up open was precisely at the trendline. The ensuing rally has built on that support. For now, at least. The index is also back above the line using a line chart of weekly closing prices, and well above it using a linear scale.

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