Thursday, March 31, 2011

Reasons to Expect More Upside

I have not concluded definitively how much longer the market can be expected to be strong. From the very conservative T presented in the chart above, a continuation of the rally over six more trading sessions is projected-- so that is how far out in time my call extends.

This chart is of the Russell 3000 advance-decline line, a refreshing change from the NYSE advance-decline line that is also broad enough to reflect "the market" as a whole. It has made a new high. In short, internals support this rally.

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