Mar 172010

The Dow Theory "buy signal" that was in effect from last July, got another reconfirmation today with the Dow Industrials closing above its January high of 10725. With this, all the three Major US Indices(Dow, S&P and Nasdaq) are clocking higher highs and higher lows thereby implying that the primary up trend that began in March 2009 remains in good health.

While markets might pull-back in the near term, today's move has further increased the odds of Dow Jones Industrial Average scaling 11200. ( I have been holding this view since last July - see my Bloomberg report dated July 24th)

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