a new dawn...

...awakens

looks like weve rebounded pretty quickly

not surprising however, especially is you were to calculate the VWAP over the past 3 months

it'd shorely be above 70cents


a few sellers are staked up at 50cents'ish

i think oce they are bought out the next intermediate resistance will be 60cents


on a general note, good to see Benanke open the discount window and ease pressure on the financials

im very confident the markets bottomed last thurs [in aust and globally] and think yest action across the asia [and fri in US and Europe] vindicates this


i think the DOW will close above 14000 for the year

i often take what jim cramer says with a grain of salt, but i almost agree with he's prediction of the DOW closing at 14500 for the year

and as always, the ASX will index the DOW [always has, always will - though in progressively weakening strenght...]

...............