Reversal Indicator Might Be Signaling a New Bull Market

While in the short-term the market could benefit from a few points of a move lower (jestly speaking), there’s no doubt that the market is moving into territory that is completely new terrain. While we understand that it isn’t so much because of a new golden age of economic surplus but due primarily to the fed intervention in the market through POMO and QE1, 2, & 3, low interest rates and much more, the charts nonetheless indicate that regardless of the reasons, the market is trying to enter into an expansionary new era. 

Here’s the SharePlanner Reversal Indicator

SharePlanner Reversal Indicator 3-14-13

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