2011 March Market Commentary posted in MFS Premium on 03 Mar:

End of March and beginning of April is the first critical pivoting point for the market.
The future market trend for 2011 is based on the analysis of this critical turning point: is it a bull or is it a bear market.
Essentially, if the rebound in March is moving towards new high yet unable to breakthrough the previous high of 157x, caution and alert is called for because correction will occur towards 1440-1390 points.
If second quarter is uptrend, there will be mild rebound in the beginning of March, and healthy correction must be observed, the target is 1440-1390 points for profit taking. Stable uptrend will occur latest by second week of April. Please refer to diagram.
The investment strategic approach for 2011 is ‘hit and run’. The reason is most stocks are reaching its present high today since rebounding from March 2009. There will be a ‘bottom’ where market correction will happen in 2012.