Yes, it seems that all is well and we're on a way to a nice V-shaped recovery. The market has broken through some key resistances and it's on to higher ground right? Perhaps...for now...until the bulls finally realize we're going to go through a double dip recession circa early 90s. But that may not happen until next year so for now...
One key level remaining that was already being tested Thursday 3/18/10 and which will continue tomorrow, quadruple witching Friday, and into next week is the proprietary Institutional Index of Core Holdings. What was a support line until end of Jan has now become the last resistance line for the market. Stay tuned.
Friday, March 19, 2010
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