CHARTS WEEK ENDING 4/17/2009

4-18-2009-3-55-41-pmindu-We are continuing our trek higher.  Targets are 8315 then 8404.  If that level is broken we will challenge 9088.  As I have said since the rally began, once the double top at 8300-8400 is breached money will begin to come in off the sidelines and we could really explode upwards.  We are stair stepping our way up with higher highs and higher lows.4-18-2009-4-07-29-pmspx-Once 877 is broken we will accelerate to 944 then 1007.  Up we go!!

4-18-2009-4-26-57-pmcompq-1786 is the next stop.

4-18-2009-4-48-26-pmindu1yrchart-The longer term perspective is always helpful.  This is an important trendline and if breached will confirm the upward move.

4-18-2009-4-53-12-pmspxiyrchart-The SPX has already breached this trendline.  If it holds and retests successfully, that will confirm the strength of the rally.

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