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.
Monday, March 23, 2009
Best rally day of year
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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