Bears took a rest last night as yesterday DOW came out green after fighting for a time. An inverted hammer formed meaning that the market could be in for a reversal or a consolidation. I was anticipating for a confirmed reversal today in the Asian market but alas, China came out with the tightening of credit and the whole market just crashed again so my reversal was overturned by this news (Market is dynamic). Bad news always comes in waves one after another. Prepare for more crashing tonight unless something good turned the tables.
Tuesday, January 26, 2010
Bears resting
Bears took a rest last night as yesterday DOW came out green after fighting for a time. An inverted hammer formed meaning that the market could be in for a reversal or a consolidation. I was anticipating for a confirmed reversal today in the Asian market but alas, China came out with the tightening of credit and the whole market just crashed again so my reversal was overturned by this news (Market is dynamic). Bad news always comes in waves one after another. Prepare for more crashing tonight unless something good turned the tables.
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