Market Shows Strength

Friday's gap down of 200 points and reversal once again gave strength to the bull case. The market gapped down 100 points through the 8,000 support level and trended higher throughout the day. The final rally attempt positive could not be maintained and the market closed down 45 points. It is worthy to note that the market was able to mount this rally in the face of an 11% fall in General Electric, a key bellwether of the economy and component of the Dow Jones.