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IBDvalueinvestin (98.56)

Technical Major breakout by BULL MARKET based on historical charts



March 17, 2010 – Comments (2)

The 2008 S&P 500 1150 level has been broken and the market has moved steadily higher to new levels.

This confirmation could cause sideline cash & tax refund money to enter the equity market as the bulls seem to have full control of the market right now.

2 Comments – Post Your Own

#1) On March 17, 2010 at 10:49 AM, IBDvalueinvestin (98.56) wrote:

I would not be surprised to start seeing 100 to 200 point market gains in the DJIA now that that the confirmation of 1150 has firmly held.


There is no inflation and rates staying where they are.

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#2) On March 17, 2010 at 12:03 PM, IBDvalueinvestin (98.56) wrote:

USA equities now in the best of both worlds, no inflation & low rates for an extended period of time still intact. This positive in US economy will spill over to emerging markets as well, which are already booming, especially China.

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