So the bounce really got started today, after the double bottom completed. Now we will see how much power it has. My belief, is not enough to revive the rally from last March....
Someone on another site said that Obama's State of the Union address tomorrow night will be important. I suspect that's true, and even though I don't usually correlate news with market changes, further emphasis in that speech on curbing the banks may well be the catalyst that causes this little rally to top and reverse say, Thursday morning. Just a guess.
1 comment:
The bottom is here.
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