Sunday, January 25, 2009

DOW general market is trying the Rally mode again. DIA, SPY, QQQQ, TSX, CDNX, HUI, XAU.

Mr. Market is listening to Obama's rhetoric and shaking off bad news coming from the economy, attempt is to hold recent Low retest and turn it a Rolling Bottom on daily. Two Bullish hammers are showing Short Sellers hesitation to play with Obama at the moment. This view is supported by Treasuries Sell off, VIX reversal and US Dollar pleads to let him go Down.

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