All in a day's work

Dow Jones: Broader view



As I've previously posted, it might be a whipsaw at the last rally. It's too fast for market sentiments to change from bearish to bullish all from a 0.5% rate cute! It's now back to where it is supposed to be, where it left off.

Dow Jones: Narrower View


At 12,780, it's also roughly where the resistance would be, from fibbo retracement. This price stands at around 38.2% of fibbo. Support would thus be, at 11,970. Any lower, we''re heading to a new low. Judging from current circumstances, it's possible. But hopefully, it don't happen.

Perhaps a rebound tonight. Not very positive about it, a shaven bottom.

Waiting for STI's close since it's next opening would be next week. Anything can happen. =)