Technical Picture - Stimulus Induced Breakout

The market broke out of the box with a gap open and extended into midday. After a sideways drift, the market established new session highs prior to, and shortly after, the Fed, before succumbing to some choppy profit taking followed by a late push into the close.

Triggering the broad based push off the open was word that the government is working on a plan to help banks dump toxic assets. This would help banks protect against losses stemming from asset write-downs.

Broad based rally with Finance pacing the way + 13% and gold/silver on the losing side.