He probably means that its an uptrend. But he says it in a round-about fashion by throwing in caveats and disclaimers.

Typical analyst-speak. 

I dont understand the following para:

'This rally, while it will have its fits and starts, is the beginning of a new trend, not just a bounce,” said Michael Williams, managing director of New York-based Genesis Asset Management, which oversees about $2 billion. “It is a significant opportunity

I think 'new trend' means - the new type of stock rally pattern that wont last ?   LOL

phil1314      ( Date: 30-Jul-2009 16:00) Posted: Hi Richtan, Did you read this article in Bloomberg? Dow Sends Buy Signal That’s Worked Since 1921: Chart of the Day By Eric Martin and Michael Patterson July 29 (Bloomberg) -- The Dow Jones Industrial Average is sending a buy signal that has foreshadowed gains of 18 percent during the past nine decades. The 30-stock gauge climbed to more than 10 percent above its mean level from the previous 200 days, rebounding from 34 percent below the so-called 200-day moving average in November, according to data compiled by Bloomberg. Eighteen of the last 21 times the Dow rallied from at least 10 percent below the 200-day level to 10 percent above, it posted gains during the next 12 months, Bloomberg data since 1921 show. The CHART OF THE DAY tracks the difference between the Dow’s last price and its 200-day average since 1989. The lower panel displays the measure’s price, along with the buy signals it sent near the start of rallies in 1991, 1999 and 2003. “This rally, while it will have its fits and starts, is the beginning of a new trend, not just a bounce,” said Michael Williams, managing director of New York-based Genesis Asset Management, which oversees about $2 billion. “It is a significant opportunity.” The Dow posted an average advance of 18 percent during the 12-month period following buy signals since 1921, Bloomberg data show. In the six-month period, there were 17 advances for an average gain of 8.2 percent. In three months, it climbed 18 times, averaging an increase of 5.7 percent   And also article from The Edge: Chart watch: Uptrend intact by Goola Warden. Since the 200-day moving average only turned up on July 23, and annual momentum and 24-month ROC are rising and still below their equilibrium lines, the bull market has yet to run its course. Eventually, the STI may even retest its all time high at 3,875. In the short term, though, stochastics is turning down from the top end of its range that may stay the hand of investors and traders. Support is initially at 2,484, and then at the rising 50-day moving average at 2,348. This moving average has so far proved to be a  pretty good support line. richtan      ( Date: 30-Jul-2009 12:24) Posted: Below is my daily chart analysis for sharing and exchange pointers. My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.   If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by rating it as "bad post", accumulating for yourself and your next generation, "bad" karma for your "bad" deeds. If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd.

Hi Richtan,

Did you read this article in Bloomberg?

Dow Sends Buy Signal That’s Worked Since 1921: Chart of the Day

The 30-stock gauge climbed to more than 10 percent above its mean level from the previous 200 days, rebounding from 34 percent below the so-called 200-day moving average in November, according to data compiled by Bloomberg. Eighteen of the last 21 times the Dow rallied from at least 10 percent below the 200-day level to 10 percent above, it posted gains during the next 12 months, Bloomberg data since 1921 show.

The CHART OF THE DAY tracks the difference between the Dow’s last price and its 200-day average since 1989. The lower panel displays the measure’s price, along with the buy signals it sent near the start of rallies in 1991, 1999 and 2003.

“This rally, while it will have its fits and starts, is the beginning of a new trend, not just a bounce,” said Michael Williams, managing director of New York-based Genesis Asset Management, which oversees about $2 billion. “It is a significant opportunity.”

The Dow posted an average advance of 18 percent during the 12-month period following buy signals since 1921, Bloomberg data show. In the six-month period, there were 17 advances for an average gain of 8.2 percent. In three months, it climbed 18 times, averaging an increase of 5.7 percent

And also article from The Edge:

Chart watch: Uptrend intact by Goola Warden.

Since the 200-day moving average only turned up on July 23, and annual momentum and 24-month ROC are rising and still below their equilibrium lines, the bull market has yet to run its course. Eventually, the STI may even retest its all time high at 3,875. In the short term, though, stochastics is turning down from the top end of its range that may stay the hand of investors and traders.

Support is initially at 2,484, and then at the rising 50-day moving average at 2,348. This moving average has so far proved to be a  pretty good support line.

richtan      ( Date: 30-Jul-2009 12:24) Posted: Below is my daily chart analysis for sharing and exchange pointers. My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.   If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by rating it as "bad post", accumulating for yourself and your next generation, "bad" karma for your "bad" deeds. If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd.

I believe US has stopped the free fall of stock prices.  Read that months ago, there was a team of 'Makret stabalising team been buying at end of intra day to stabalise the market. Think  is time to look at those bank stocks such as Citi Bank etc...

WASHINGTON (AFP) - - President Barack Obama said Wednesday he sees "the beginning of the end of the recession," as economic indicators and comments from the Federal Reserve suggested stabilization after a brutal slump.

"We have stopped the freefall. The market is up and the financial system is no longer on the verge of collapse," Obama said during a visit to North Carolina

"So there is no doubt that things have gotten better. We may be seeing the beginning of the end of the recession."

The Federal Reserve's Beige Book report on economic conditions also offered some signs of hope after more than a year and a half of recession.

The report, to be used by policymakers at next month's Federal Open Market Committee, said the decline is moderating, although many indicators remain weak and prospects for job creation remained grim.

The survey found data suggesting "that economic activity continued to be weak going into the summer," but that most districts "indicated that the pace of decline has moderated since the last report or that activity has begun to stabilize, albeit at a low level."

Some Fed districts used the words "slow," "subdued," or "weak" to describe activity levels, while others indicated the pace of decline appeared to be moderating. Others pointed to "signs of stabilization."

Obama said the economy is now losing jobs "at nearly half" the rate of when he took office in January, he added in mounting a defense of his plans to stimulate the economy.

He acknowledged that unemployment remains high and cautioned that the lower job losses is "little comfort if you're one of the folks who lost their job and haven't found another."

But Obama also pointed to data showing home prices rising for the first time in three years, a hopeful sign for the sector at the epicenter of the crisis.

The US president defended his actions to rescue two of the Big Three automakers and major banks, saying these were part of actions to avert the possibility of a new Great Depression.

"If we had been in ordinary times, not teetering on the brink of depression, we might have exercised other options," he said.

Obama said the 787-billion-dollar stimulus plan is working, helping stimulate activity through tax reductions as well as public works.

"This money is not being wasted," he said. "We're seeing the results of these investments here in Raleigh and across North Carolina."

"I know that there are some critics in Washington, maybe out there, they say, well, you've been too slow getting these projects started. They're saying we should have broken ground on all our highway projects on the first day. Well, that's impossible, especially because I wanted to be sure we did our homework and invested our tax dollars only in those projects that actually created jobs and jump-started our economy."

The US economy has been in recession since December 2007, according to the economic panel accepted as the arbiter of business cycles.

The economy suffered a 5.5 percent pace of decline in the first quarter, on the heels of a 6.3 percent slide in the fourth quarter of 2008. But many forecasters are expecting growth to resume in the second half of 2009.

The Fed this month raised its outlook for 2009 and 2010 economic output, projecting a rebound in the second half of 2009 that would leave the contraction for the year at between 1.0 and 1.5 percent.

For 2010, the new Fed outlook saw growth in a range of 2.1 to 3.3 percent, slightly better than its forecast from April.

The government's first estimate for gross domestic product in the second quarter to June 30 is to be released Friday. The consensus forecast by private economists is for a 1.5 percent rate of decline.

The Beige Book noted "sluggish retail activity" in most of the nation, while manufacturing showed some gains in parts of the country.

Residential real estate "stayed soft in most districts, although many noted some signs of improvement," the report added, but commercial real estate markets "weakened further in recent months" in most areas.

As to job prospects, the Fed noted that conditions remained difficult, highlighting fears that weak hiring could dampen recovery prospects.