The symmetric triangle on the right shows DJI made a breakdown on Sep 4. In order to sustain the uptrend momentum, DJI needs to bounce back to 11,460 promptly.
Sep 7, US government made decision to take control on Fannie, Freddie. Dow Futures reacts positively on two hundred over points up. Asian market rebounded strongly on Sep 8.
We still believe DJI is still on recovery track after all. Statiscally, the subprime written offs are reduced. Phychology, the scare and worry have been minimised after this while. The worst has been reflected into the marekt price.
Sep 7, US government made decision to take control on Fannie, Freddie. Dow Futures reacts positively on two hundred over points up. Asian market rebounded strongly on Sep 8.
We still believe DJI is still on recovery track after all. Statiscally, the subprime written offs are reduced. Phychology, the scare and worry have been minimised after this while. The worst has been reflected into the marekt price.
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