Follow Up To Dragon Tail...
The Dow rallied an intraday range of over 600 points in a spectacular follow up to yesterday's Dragon Tail Formation! This is the kind of follow up that gives a lot of strength to the Dragon tail formation! Well, I do see a rebound from this point onwards for perhaps a few days or a week before the market turns down again. The market's just not ready for a full scale rally before the Fed funds rate hit rock bottom.
posted by Jason Ng at 4:32 PM
1 Comments:
Good calls Jason. Appreciate your commentary very much. I too believe there will be a few more up days before the down trend continues. I'm holding on to my puts.
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