Thursday, March 12, 2009

Intraday.10

  • Mar 12. 12:57pm
  • Dow +148.30
  • Market has shrugged off the skepticisms thus far and rallied consistently. But we are now at a pretty significant resistance level. I don't believe we'll break this resistance level at this moment. I would expect the resistance to hold and have market retreat back to its support line. If and when it tries it a second time, I may have a different view then, but not now.

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