DOW tech update – market update

The DOW does test the lower support line repeatedly and within a few days has formed the bottom of this current wave. 6500 is pretty much the point which will be pivotal going forward. The crucial support comes from commodities as Oil has made the low as described earlier and the CRb as well will be one of the leading drivers.
The strange thing is some people are anticipating that today and buying tons of calls which is a bit unusual as we have a ISEE of over 200 on a downday.


~ by behindthematrix on March 9, 2009.

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