Friday, March 14, 2008

divergance effect on DOW

YESTERDAY NIGHT WHEN I STARTED POSTING MY ARTICLE..bottom...dow was down 225 odd points,i felt the heat of it,but i said to a friend it must recover from this lows ,today itself,as there is a very very strong divergance in weekly stochastics,and vow!!!!!!!!!!!!! on bloomberg ,came the news from s&p, that it sees the end of writedowns..the devil of all the havoc is on the verge of getting disappeared,,,and suddenly dow started to bounce- back..i thought even a bearish hammer with some 50 odd points negative close would be an enough trigger for our markets..no,,it closed in plus..and i said to myself this is how technicals works...

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