The DOW movement for the past two days has left me clueless about it's direction now. Looking at it, it's probably moving downwards slowly and it is uncertain about it's direction based on candlestick psychology. There is both bull and bears fighting each other. Jobs losses report last night provided good news plus an upbeat in the service sector managed to pull the DOW up. Everyone's waiting for Friday's job report.
Thursday, January 7, 2010
Consolidation?
The DOW movement for the past two days has left me clueless about it's direction now. Looking at it, it's probably moving downwards slowly and it is uncertain about it's direction based on candlestick psychology. There is both bull and bears fighting each other. Jobs losses report last night provided good news plus an upbeat in the service sector managed to pull the DOW up. Everyone's waiting for Friday's job report.
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