Last week was certainly a bullish week as DOW has been closing positive. It was certainly a nice bull with nice economic reports and positive earnings. Money was back into the market. Friday was a surprise day as the Fed announced a rise in interest rate from 0.5% to 0.75% after the bell on Thursday which sent Asian markets tumbling. A knee jerk reaction I would say. Thanks to the surprise which the Fed gave, it certainly lead to more instability to the market. Looking at the charts, Friday ended as a doji. Seems like bulls are going to end soon for Feb.
Sunday, February 21, 2010
Will Feb close positive?
Last week was certainly a bullish week as DOW has been closing positive. It was certainly a nice bull with nice economic reports and positive earnings. Money was back into the market. Friday was a surprise day as the Fed announced a rise in interest rate from 0.5% to 0.75% after the bell on Thursday which sent Asian markets tumbling. A knee jerk reaction I would say. Thanks to the surprise which the Fed gave, it certainly lead to more instability to the market. Looking at the charts, Friday ended as a doji. Seems like bulls are going to end soon for Feb.
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