No True Recovery in U.S. Stock Market Without Recovery in Real Estate
Companies / Company Chart Analysis Jan 14, 2011 - 01:36 PM GMTThere can be no true recovery in the American stock market without a recovery in real estate. The property companies that I follow are all showing signs of solid strength and momentum.
This significant development indicates that the bull trend that commenced in March 2009, though in overbought territory at the moment and due a correction, is still very much in place.
Accordingly we will probably see the former highs in the Dow 30, Dow 20, NASDAQ 100 and S & P 5600 tested this year and on balance theses former key technical points will be breached. Thus nearly two years after the move initially commenced a formal Dow Theory “New Bull Market Buy Signal” can finally be announced to the world.
By Christopher M. Quigley
B.Sc., M.M.I.I. Grad., M.A.
http://www.wealthbuilder.ie
Mr. Quigley was born in 1958 in Dublin and holds a Batchelor Degree in Accounting and Management from Trinity College/College of Commerce, Dublin and is a graduate of the Marketing Institute of Ireland. He commenced investing in the Stock Market in 1989. in Belmont, California where he lived for 6 years. He developed the Wealthbuilder investment and trading course over the last decade as a result of research, study, experience and successful application. This course marries Fundamental Analysis with Technical Analysis and focuses on 3 specific approaches. Namely: Momentum, Value and Pension Strategies.
Mr. Quigley is now based in Dublin, Ireland and Tampa Bay, Florida.
© 2011 Copyright Christopher M. Quigley - All Rights Reserved
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