The One Graph Left to Break

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There's one and only one worrisome chart I saw this morning, and that is $XBD (the broker/dealer index). If it busts above the highs shown via the horizontal line, the bears are in trouble. If we can get beneath Thursday's low……….it's the end of the world for our bullish friends. I'm counting on a break. Of course, since some investment banks are able to make statistically-impossible returns, one never knows.

0510-xbd