The DOW certainly pushed higher last night. First it opened up, then went down forming a hanging man. Finally it ended positive. However, today Asia went down due to China's tightening policy on it's short-term liquidity. Further adding to tonight's direction will be Alcoa's disappointing earnings result. So tonight we might see markets going down for a slight correction. But bulls seem to still remain strong.
Tuesday, January 12, 2010
Dow probably down
The DOW certainly pushed higher last night. First it opened up, then went down forming a hanging man. Finally it ended positive. However, today Asia went down due to China's tightening policy on it's short-term liquidity. Further adding to tonight's direction will be Alcoa's disappointing earnings result. So tonight we might see markets going down for a slight correction. But bulls seem to still remain strong.
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