As you can see tha graph that is DJIA Index...I show here the the bearish market and the bullish market. But be watchful the bullish here is about to begin the last wave of recession. Where the quality was not met by quantity. Meaning to say the market reacted very optimistic...Last week the DJIA hit around 10K for the first time but it doesnnt mean to say that the WORLD ECONOMIC is in revovery. There is a need of support to be done. Though the 50% Fibbonoci was surpased again there is another full support needed to be bullish again....lets see the coming week if it supported well...
Thursday, October 22, 2009
ANOTHER WAVE
As you can see tha graph that is DJIA Index...I show here the the bearish market and the bullish market. But be watchful the bullish here is about to begin the last wave of recession. Where the quality was not met by quantity. Meaning to say the market reacted very optimistic...Last week the DJIA hit around 10K for the first time but it doesnnt mean to say that the WORLD ECONOMIC is in revovery. There is a need of support to be done. Though the 50% Fibbonoci was surpased again there is another full support needed to be bullish again....lets see the coming week if it supported well...
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