DJ15.658 August peak gotten

DJ Resistance :  15.709.58   Historical high
                           
DJ Support      :   15.658       August peak
                             15.500       Minor
                             15.375       Strong
                             14.760      Strong
                             14.400      Very Strong

Technical Analysis :
The DJ index has risen and broken up the first resistance at 15.658 equivalent to August peak, target indicated on October 22nd.
The S&P got another all-time high at 1.772.
In general terms, the market technicals are positive this year and in an uptrend moment. The blue-chip benchmark needs a weekly close over its all-time high, we will see it.
Dow Jones should continue its ascent to its historical high where the field is ready with the bulls and bears for the big battle.
Please pay attention to the 20,50 and 200 day moving averages as support, they are pointing up. The last year daily chart is beautiful and it is the map to manage well in the battle.

Fundamentals :
This Wednesday finishes the two-days Federal Reserve (FED) meeting. Markets expect that the FED will continue with the monhtly quantitative easing (QE) at 85 billion asset-purchase. The FED taper should start out on the spring of the next year. Surely, it depens on the new jobs and the unemployment rate evolution. The FED has enough room and flexibility to act on this matter.
The last economic news have been well but not enough strong. The earnings season has been pretty good. Until this momnet the 68% of companies in the S&P 500 have reported positive earnings. The revenue side is weak as the two prior trimesters of 2013.
This market requires a correction. The stock prices are in the actual levels due the liquidity coming from QE and the reorganization and rationalization of the corporations. They have a lot of cash and are very efficient. When? the answer is not easy.

I think with good earnings and the liquidity injection from the monthly  QE, the S&P is ready to attack 1.800 level and the Dow Jones index to give the battle in its all-time high. Big fight between bulls and bears.

Make decisions objectively and coldly, stay firm on your plan. At this point we can get surprises easily.

Good luck, viel Glueck, buona fortuna, buena suerte, bonne chance!
Ulises