The DOW is up and down 300 points daily! In any case, it closed above pivot 610 and above r1 617. You probably know what is going to happen come Monday...Price level at extreme but volatility is not...hmm, is that because the option players are not buying this? Today the closing price is right at the line where all attempts to go above have been clubbered since last October. This is not to say it will not succeed this time. Certainly there seems to be market rotation from metals/commodity plays to finance. Are we sure all sublime problems are behind us? If it is only just one or two investment banks go belly up then the Fed is doing things too heavy handed... Jim Rogers has a point that the Fed has overstepped. They should be more concerned about a strong dollar and the economy than bailing out investment bankers. Monday's numbers are 626, 615 and 609. Will not be surprised to see a pull back to 610.
2c
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