Communication


ShoutMix chat widget

Sunday, March 29, 2009

Dow still has some room to go before hitting channel resistance of around 8230. The recent buying activity is positive sign that this bear rally will likely last through April, but we cannot conclude that is this the end of the BEAR unless this rally bring Dow to test a high of 9100.

In the mean time, the outlook is still bullish with rotational play likely to set in. Do not go short aggressively.

No comments: