PM update:
Big spike on lower rates comment by Bernanke, but we have come down a little since. However, as long as NQ holds that trendline at 1947, bulls are still ok. We still need a close above the 5 dma, now at 1960 for more solid gains.
A few complaints out there from perma-bears who were hoping for a disaster and are now critizicing the Feds for talking rate cuts (the tired PPT line, who cares).
Big spike on lower rates comment by Bernanke, but we have come down a little since. However, as long as NQ holds that trendline at 1947, bulls are still ok. We still need a close above the 5 dma, now at 1960 for more solid gains.
A few complaints out there from perma-bears who were hoping for a disaster and are now critizicing the Feds for talking rate cuts (the tired PPT line, who cares).
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on Thursday, January 10, 2008 at 1/10/2008 12:41:00 PM.
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