I just fixed my invisible fence this afternoon. I was able to do so after searching for and finding this thread. I bought the $1.50 radioshack choke coil and it worked great to give me a signal at AM600. But, I had a good signal all the way around the whole perimeter and never could find the break that way.
Hint: Be sure to get headphones with extra long wires so you don't have to walk bent over (my fence is 1/4 mile long) to keep the AM radio next to the ground
I found a better way to isolate the break- this worked for me this afternoon. Hopefully someone else who needs to fix their fence can be helped by this info in the future when they do the same search.
1. Leave the choke coil plugged into both terminals of the fence electrical field generator, but unplug 1 of the 2 fence leads (remember that your buried fence wire makes a complete loop around your yard).
2.Follow the fence in that direction with your AM radio/earphones until the humming signal goes away (it will naturally get fainter over time, but when you get to the broken spot it will suddenly become undetectable). Mark this spot with a stick, soda can etc.
3. Plug that fence lead back in to the field generator and unplug the other fence lead. Follow the wire around the other direction and walk until the humming noise disappears. mark this spot with a stick, soda can etc.
4. The first marker will likely be about 10 feet away from the second marker. carefully dig about halfway between the two and that's likely where your break will be (at least it worked that way for me).
Cause of my broken wire: I ran my invisible fence through part of my pasture and the horse had sunk far enough down into the soft ground when he stepped on the buried wire to put tension on the wire and pull the wire in two.