DIA forecast through year end
The important element of this chart is the amount of time that has been spent prior to the breakout rally. The more time and accumulation, the bigger and longer lasting the rally. All the while, even though VIX has been low indicating complacency, equity mutual fund outflows have been strong which continues to show fear. Now that we are one day into reporting season and the trend is positive.
Cheers. Technical Tim April 12, 2012 3:59PM EST