Chat Here

Add My Banner!!


- Friends Link -

Promote Your Blog

Wednesday, December 31, 2008


Dow Jones 30 December

US- Bailout worth USD5 billion from US government give to GM (General Motors Corp). Hope it can increase house and vehicles sale. So consumer trust will increase! Government receive feed back from GM from additional preferred equity as big as 5% - 9%, will pay in the form of a dividend.

Bush give stimulus as USD 700 Billion to raise the financial sector.

Initial total jobless claims 26-year high, indicate signaling worsening labor conditions as the economy heads into a second year of a recession.

``We expect job losses to continue,'' Ethan Harris, co-head of U.S. economic research at Barclays Capital Inc.

Next January, President-elect Barack Obama is preparing a two-year stimulus package worth as much as $850 billion to save or create 3 million jobs and revive growth.

Dow Jones Industrial Graphic condition look picture above

  1. Bollinger Band get tight
  2. MA30 already crossed by green candlestick, but volume is low!!
  3. Still move around at 50% RSI line.
  4. Will form a cone.

It still SIDEWAYS CONDITION, volume is very low!! If break the cone and reach upper line of Bollinger Band, it is BULLISH TIME!!