REITs and Coal Break Out to Upside

09/17/2009 10:22 am EST


Thomas Aspray

, Professional Trader & Analyst

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Though many experts are debating the future of the REITs, the daily chart shows the completion of a major bottom this week, confirmed by the RS analysis. A reverse H&S bottom was completed in July. Coal moved above strong resistance this week on good volume with the first upside target in the 400 area.

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