BERKSHIRE HATHAWAY - CLASS B

Since my post back a couple months BRK/B has taken off...It rode resistance turned support after consolidating its '03 gains for over a two year symmetrical triangle...Broke through the 3200 level after some effort and has used the recent upswing in the markets plus some recent good press citing Berkshire Hathaway as "still undervalued"....

Hold chill out then move higher...

THE HIP HUGGER

I found this charts key feature serendipitously as often happens. We all know that the major indices have been up huge in the past two months...However the recent straight up movement has occurred in unusual fashion, in that price is usually steadily trending above support in these kinds of strong moves...her, ,it is what I call "hugging" resistance...meaning it broke below its original support line as it made its first big breakout from the second leg of the double bottom in the 10,700 area...but instead of continuing down it tenaciously began to ride the former support turned resistance...ALL THE WAY TO DOW 12,000...

Last week however the action just seemed to be getting sloppy meaning...the DJIA was having trouble going higher, that is after Monday's advance...I came up with this chart late afternoon Thursday and low and behold Friday we got the weak GDP number and the market get this actually went down...We'll see what occurs as we go forward...

SINGER OUT