Wk15: Market Recap

19 Apr

A nice rally was quickly erased last week on the Goldman Sach’s alleged fraud. In the larger picture we have not broken any trend line support and continue in a nice uptrend. However, the extremely large volume on Friday is concerning. We must remember that it is not the news itself that is important; it is the market’s reaction to the news that matters. The DOW remains over 11,000 and we remain in our trend, no need to overreact.

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