The Dow Jones Industrial Diamond Shares (AMEX: DIA) are holding up quite well after bottoming in March.

The Dow Industrials sometimes get no respect, but lately they've been acting quite well, and seem to have formed a double bottom, in January and March.

Since then the index has rallied above its 20 and 50-day moving averages, but has remained below 13,000. Now, another bullish development is developing, as the 20-day moving average is about to cross above the 50-day moving average.

This is a positive for technical analysts, and is often a part of technically driven market participation models, which means that if it happens and it sticks, we might see more money move into the market, as traders begin to sense what could be an intermediate term trend change, and a chance for the rally to finally get some legs.

It's premature to get too excited. But the longer the market holds up, the greater the opportunity for positive things to develop. The next big test is 13,000 on the Dow and the 200-day moving average.

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Doctor Joe Duarte's Market I.Q., offers subscribers a unique blend of intelligence, market commentary and trading strategy. Duarte's daily articles, and news summaries offer recommendations and analysis for ETFs, and individual stocks in the technology, health and biotechnology, and energy sectors. Doctor Duarte is a writer, and an emerging futurist, with a diverse background, and a growing audience. His combined expertise in health care, energy, and the effects of politics and global intelligence on the financial markets offer a unique blend of insight and information to thousands of active investors and political and intelligence aficionados around the world on a daily basis.

He is the author of four books: "Futures And Options For Dummies," "Successful Energy Sector Investing," "Successful Biotech Investing" and co-author of "After-Hours Trading Made Easy."

In early 2001 Dr. Duarte in "Successful Energy Sector Investing," correctly predicted that Venezuela's political problems could lead to an energy crisis in the United States.

In 2003, also Dr. Duarte was among the first to widely publicize the long-term friendship between French President Jacques Chirac and Saddam Hussein.

He has also appeared as a weekly guest on Market Mavens Radio, has logged appearances on KNX radio in Los Angeles, Financial Sense.com radio, and Wall Street Radio.

One of CNBC's original Market Mavens, Dr. Duarte has been writing about the financial markets since 1990.

His articles and commentary have been featured on CBS Marketwatch, Barron's, Smart Money, Medical Economics, and in Technical Analysis of Stocks and Commodities magazines.

In 2003, Doctor Duarte received second place, in the professional section, of the Medical Economics Investment Challenge with a 12-month return of 42%.