Wednesday, March 10, 2010

The Dow Going To Test The Psychological Barrier

Our Klse has just passed the barrier, but the Dow still on the verge of touching the critical mark at 10725.43, since January the 19th 2010. After that it fluctuating and decending all along the way. This time the downturned was due to the intension of the US government to increase the interest rates. But then the news was fading away as the Chairman announced that the idea is still under review(not at the right time)

Within the last two days, the Dow moved at a very tight range. Last night it closed at 10,567.33, a few points more towards the resistance. The question is, when this critical point will be overcomed. All depending on the current economic issues. The eyes are focusing on the Federal Reserve economic's principles. The pros and the cons are hiding here. Let's see how the issues are played out. The pulse of the stocks will follow accordingly. We, as a small investor just wait and see. Let the Bigs!, firstly make their decisions. Always look out at the intraday trading, whether the volume is increasing or vice versa.

As you see the Klse bourse has shown a slight change in it momentum. It passed the barrier a little bit early compared to Dow. Do always monitor the movement of your selected stocks. At the same time don't forget to listen to news from the Federal Economic Department.

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