$DIA
Maybe its too much to ask from one man to move the market and put the blame squarely on him. He walked into the mess just by being himself. Bernanke I am talking about.
No, actually he did move the market by doing nothing ! wow, the power we accord one single man.
Rhetorics aside lets look at the Dow's Futures on the 30minute chart. As if right on cue, it has come down and bounce off the 38.2% fib level.
Which must hold for the continuing implied 5 wave count upwards to work based on the current price action.
A mini Wave ii seems to be in progress...so lets
just see what happen next .....
Some say that any upside movement hinges on the financials, the banks which is heading south and south. We will take a look at a couple of names like BAC, C and GS to give a glimpse as to whether there might be a bottoming and even a reversal unfolding and even in the making.....That will be my next post
just see what happen next .....
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