Are we out of the doldrums yet?

By healthytrading • May 28, 2012

After a 3 months hiatus from the equities market thanks to a timely break to the West, I am back finally to a interesting market situation today. The Great Singapore Sale some call it. Exactly how much of a bargain are we getting from the market today and is this so cheap that we are going to ignore market momentum and news pouring out of Europe?

I prefer to base the analysis with the US Dow Jones chart where there is most liquidity and consequentially the one that gains the most benefit from bank withdrawals happening right now in Europe and ECB liquidity injections.

So what is the Dow chart telling us right now?

Strong US - Evidently, the bull market is still clearly intact and the US has been on a recovery since the crisis in 2008. The plus here is in the market's strong belief as well as ...

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