NEW HIGH: Dow Close over 12000~
I didn't think it would happen this week, but as talked about before the third time was the charm for the DOW to test and break the key resistance @ 12000.
Last week the DOW tested and broke over 12000 intra-day but never closed above 12000, I was expecting a dip to test support before it tried for the third attempt. We never really got that dip to support and the DOW closed over 12000 today. Some good earnings and downplaying of EGYPT was fuel enough for the bulls. Now 12000 is support!
Originally Posted by WTB RSS
The chairman of the Senate Banking Committee says federal regulators need to take a close look at computer-based high-speed trading and whether that new phenomena triggered the dizzying plunge on Wall Street last week.