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Market sports best Bear Rally

Updated, March 12: Dow closed 7170, S&P blasting through 750!

The rally today that we saw today was the best rally we have seen in a while. A tradeable rally like today should drive the major indices to test the 50 dma. The chart technician DeGraaf on on the CNBC Fast Money show implies that S&P could make a 35% rally to test 200 dma. Whether it will get there is anyone’s guess. But I think we might see a nice short term rally in the Global markets.

Sharp Bear Market Rally

Posted: 03|10|09 at 9:32 pm. Filed under: Financial Markets, Trading Strategy, Finance. Pinging is currently disabled.

One Response to “Market sports best Bear Rally”

Susan Kishner Says:
March 10th, 2009 at 10:18 pm

Hi,

I’m just getting started with my new blog. Would you want to exchange links on our blog-rolls?

BTW - I’m up to about 100 visitors per day.

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