My long bias for Dow was correct but I didn't have steel for balls to hold my long position.
Dow last 2 huge up days are shorts cover in preparation for banks bailout announcement on Monday. Will we see buy the rumour and sell the fact on Monday ? Let see if we will but you would think most of the positive news of the package has been factored in and the job data is very weak than expected.
Short on open on Monday for me.
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Last
8,677.2 |
Change
9.000(0.10%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,668.2 | 8,714.6 | 8,652.6 |
| XJO (ASX) Chart |