Tuesday, August 16, 2011

Profit Taking



DJI shown some profit taking last night from the last three days on strong rebound. Obama administration should be working hard to contain the current short term positive rebound on sentiment in the market. I dont think there is any negative news to be released in the next two to three weeks. NO news means Good news generally thats how the market perceives. Plus points will be tell tale that QE3 is forth coming, then the 3rd dose of market steroid will be lift the market next level.

Cheers.

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