Monday, March 23, 2009

Best rally day of year

3/23/09

It seems market in sync with Bad Bank Asset Plan by Treasury. All major market indexes are rallying strong and break the 50 day average line. The 740-750 should be acted as ongoing uptrend support. Strong resistance for S&P would be 850. However, 3/21 is one of important date by using Gann's theory and also just close above upper Bolinger Band. It can be recent short term top.

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