Market Outlook- Confirmed Rally:
The major U.S. averages confirmed their latest rally attempt on Monday, October 10, 2011. In addition, the major averages are in the process of tracing out a bullish double bottom pattern and are back above their respective 50 DMA lines. The next important technical level of resistance are their longer therm 200 DMA lines and September’s highs. Our longstanding clients/readers know, we like to filter out the noise and focus on what matters most: market action. . If you are looking for specific help navigating this market, please contact us for more information.
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