10/31/08
The above chart do showing some sign of good news for bulls. However, it needs to see the 1-2-3 pattern( higher highs and higher lows ) to build solid rally that lasting period of weeks. So, need few more days to determine if we have that or not. Do not forget, even if we have the rally which is a BEAR market rally only. We have long way to coming out of the wood yet. US Corporations has just starting lay off huge amount of workers so far this month. Anyway, have a good Halloween (Indeed, it is good halloween for market since we just have 2 up days in a row that it has not been seen for last 5 weeks ).
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