Wednesday, October 14, 2009

New Highs Possible is 2010?

With most analysts now expecting the market to continue higher throughout the fourth quarter of 2009 and the first quarter of 2010, will there be any resistance left? The Fed has been said to be on hold to raise interest rates "for years".

A breakout above the trend line shown in the chart will certainly bring in a whole new batch of money. Will there ever be any resistance? Is there just too many dollars out there looking for a home? Or is the US really in great shape?

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