A good day indeed
(2007-11-27 18:39:50)
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Finally, an up day with surging volumn. An shot in the arm indeed, otherwise, all the buyers will disappear from the wall street.
It is especially encouraging that during the day the Bulls fight back doubts and hold on the gain, not once , but twice. The first happened around 9:30, obviosuly, some people chose today as a get away day, and DOW almost fail to be flat. Another one happened just before the closing, people still do not want to hold the stock overnight(who can blame them). at the end, the bull wins the day with all major indexes up more 1%.
The oil helped too.
It is an old saying that one day does not make a trend. There has no two consecutive up days in the past month, so, let\'s see whether this market can put its act together...