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Commentary Topic from greenfaucet

A Dow Break Above 12,800 Would be Big

Even if we're all a little punch drunk from the market's '08 directional changes, a close look at the tea leaves now shows a pattern of recovery. I see the market strengthening and its bounce from the bottom accelerating.

All three major indices have broken into positive trends and that's cause for a cautious hoorah. But, meaning no disrespect to the revered Dow Industrial and other widely followed indices, the real blood-and-guts action takes place in the broad market.