The bulls put in a hard day’s work and not much to show for it on the candles. That doesn’t mean we are headed lower, just means that we had minimal gains today as the markets chew on the ramifications of the Fed’s cut. We also have options expiration on Friday and that alone tends
Indecision 2009
The official first day of 2009 with full market participation shows indecision as a doji formed on ok volume. No real economic events occurred today and not much in the way of news other than president elect Obama’s economic stimulus package proposal. Perhaps lots of traders were snowed in at their cabins or a catalyst