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0.31% 26,683 dow jones industrials

downjones will test 14000 soon target 14138, page-14

  1. ludba
    2,254 Posts.
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    08/12/07
    21:24
    Post #: 3092387
    The Dow Jones Industrial Average is rallying in anticipation of a rate cut at next weeks FOMC meeting. It is doubtful whether providing banks with cheap money will encourage them to resume lending in a market with falling asset prices, but it may improve their ability to carry non-performing assets rather than being forced to sell at fire-sale prices.

    Probability of a bear market remains high: at least 2 to 1. Current activity resembles a market top, with failed upward/downward breakouts accompanied by heavy volume.
    Value at posting: 0.00
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    lightbulb Created with Sketch.  Great analysis
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