moolamanic's - fear phase - wednesday, page-29

Hi Folks

well that looks like a shakeout bar on the Dow to me, dipped down nicely to take out any stops on a nice wideish spread, closed high and on good volume showing support from buyers. I wouldn't be surprised if we have a rally from here now.

Has to be confirmed of course by the next days action but it's the right signal in the right place, it's something I've commented on that I was expecting to see.

Ya might just have to wait a little Martis for that continuation down, the buying strength is there atm

Cheers