Tuesday, December 8, 2009

20091208 1630 DJI EOD Daily Chart Study.





The Dow stayed nearly unchanged up only 1.21 to closed at 10390.11 forming a doji bar candle again. Both Bollinger band and MACD reading still suggesting a side way range bound market. To a certain extend, Bernanke statement do eliminate some fear out of the market that is gossiping abou the possible interest hike but however, trader still preferred to stay sideline waiting for fresh lead to enter the market.

No comments: