Stochs has trekked the ebb and rise of the DJIA since Aug 5th2011
Higher highs and higher lows.
What is interesting is with the 300pts drop yesterday, Stochs is still staying above
The Aug15th high. Retested and turned the resistance into support.
Will it bounced off from here and head higher. After all, its not like the President doesn't have a plan. He has a plan and it sounds pretty constructive !
G7 has met, looks more like a working meeting after the way is cleared :
i. ECB chief economist resign
ii. Swiss Franc unexpected devaluation.
iii. Carlyle group announced IPO
iv. Dominic Stauss replaced by Christine Lagarde as IMF chief.
v. US proposed I-Bank (infrastructure bank)
Now the Central Bankers including Bernanke can get to work.
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