Monday, May 18, 2009
Dow - Consolidation before the Bull run start
Last week, seem US Dow has put the brakes on the recent rally after nearby 200 days moving averages. Many now wondering if this pause in upward momemtum is the end of the rally or a short break before the bull start again.
The oppinion we gathered from most of traders suggest that its more toward the bull side, meaning after short while of pause, Dow could move toward the resistance level of 9000 points. Let see what the result in next few days.