new dawn?

Time for a change in thread title.

Well we got our big spike down, then a 350 pt reversal in the last hour, DOW closes up 153. Volume was good.

Pivots for today

R3 2.94
R2 2.86
R1 2.74
PP 2.66
S1 2.54
S2 2.46
S3 2.34

Shorts will have to cover, that should lead to a nice scramble from the gates.

News Trigger may have been; "European Union finance ministers are examining ways of co-ordinating recapitalizations of financial institutions after they agreed that additional measures were urgently needed to shore up the region’s banks".

http://www.cnbc.com/id/44776519

However it really didn't matter what the news was this turnover was certainly on the cards.

Less hope that AGO gets back above $3.00 quickly and stays there.