Our newly chosen market indicator of choice, the Effective Volume indicator, gave us a signal that the current market correction ended on March 19th. Investors Business Daily provides a daily market condition update in a section titled "Market Pulse". IBD's "Market Pulse" changed from "Market in Correction' to " Market in Confirmed Uptrend" after the market close today.
This is definitely good news.
I do want to point out that our favorite market indicator, Effective Volume, called the end of this market correction a full 11 days before IBD. I will be providing an addendum to the April issue of The Gerritz Letter that will discuss this highly reliable and useful market indicator. Be sure to click on the "Effective Volume" link in the upcoming issue of The Gerritz Letter for an explanation as to how it works.