I heard everybody shouting .......
"BREAKOUT !!!! BREAKOUT !!! BREAKOUT !!!"

Yeah. Finally, Mr. Market has finally done something which everyone has been long anticipating for, a Forceful penetration of the 12750 resistance point, with high volume.

Everyone has been anticipating for bulls to come. No one dares to take the first step. Just like working in Altera any company, whereby no one wants to take the lead of responsibility, but everyone wants to get a piece of the credit when award is given. It's the same everywhere, even with Mr. Market.

The encouragement came from a couple of good earnings report from some huge company, to name a few, Google(GOOG), IBM(IBM), Caterpilla(CAT), Intel(INTC), etc. With all those big gunners being the leader, everyone else follows and thus, the BREAKOUT.

The next following few weeks will see the 12750 turned from resistance to the immediate support. I wouldn't bet on there are still more bears trying to stop this rally, but the action from profit taking need to be considered. This might create a test on how solid the resistance-turned-support line at 12750 will be, and if the support holds solid (which i believe it will), then the next rally will begin...... again (just like the drawn gold line)




Mr. Market: BREAKOUT !!! BREAKOUT !!! BREAKOUT !!!