Well the Fed decided to keep it's rates unchanged and the market continued it's rally and broke through my first reported resistance. As I said in one of the last entry, we are towards the January high. Dow has already gained for 7 days. Tonight will it gain again? Or will result in the 8th candle reversal? What's driving the rally now? I think it's the currency. It will be nice if DOW goes to break the January highs and find support on it during the next correction.
Thursday, March 18, 2010
Dow Extends Win Streak for Lucky 7th Day
Well the Fed decided to keep it's rates unchanged and the market continued it's rally and broke through my first reported resistance. As I said in one of the last entry, we are towards the January high. Dow has already gained for 7 days. Tonight will it gain again? Or will result in the 8th candle reversal? What's driving the rally now? I think it's the currency. It will be nice if DOW goes to break the January highs and find support on it during the next correction.
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