Seems that the best way to play this bullish market is to hold long positions as long as prices are above the trend line drawing from May to July 2011

It seems to me that the bulls are not ready to end the party at this moment. DJ-30 has already won the bearish trend line drawing from October 2007 to May 2011 and may want to extend the bullish development that began from March 2009. Is it forming the 5Th EW of this bullish move? If it becomes real, the rally of this 5Th EW may extend to May 2012 (of cause with some pullbacks – considered as chances to buy).

Personally, I think this suggestion will become real if the SP500 confirms by closing above 1,333 for a few days.

Another support to equity markets seems coming from the EURUSD

My forecast a few days ago was to say the 1.3055 target. It was confirmed and seems that bulls want to do more. My next target would be 1.3515. Let's wait and see.

My trading setup for 1/27/2012

Seems that the best way to play this bullish market is to hold long positions as long as prices are staying above the trend line drawing from May to July 2011.
My stock picks: JRCC  SPRD  BHI  RBCN  AVTI