TRADINGOLOGY » late day rally http://tradingology.com Home of Trading As A Business Mon, 05 Jul 2010 16:08:48 +0000 en hourly 1 http://wordpress.org/?v=3.0 A sharp rally late in the day terminated the decline http://tradingology.com/a-sharp-rally-late-in-the-day-terminated-the-decline/ http://tradingology.com/a-sharp-rally-late-in-the-day-terminated-the-decline/#comments Mon, 09 Mar 2009 03:27:54 +0000 Admin http://tradingology.com/?p=811 Continue reading →]]> TODAY’S STOCK MARKET VIDEO REVIEW

A sharp rally late in the day terminated the decline Friday.

As stated in Thursday’s Review I said a rally could start from the 6500 level on the DOW. The question is, where is it going now?

To most market players, the market ‘should’ rally because of it’s extreme oversold position. My analysis says that the market is extremely weak and is not yet ready to rally.

We may have a small uptick tomorrow (60 points or so on the DOW) but it will probably not last. Here’s why:

WATCH TODAY’S VIDEO REVIEW:

]]> http://tradingology.com/a-sharp-rally-late-in-the-day-terminated-the-decline/feed/ 0