March 16, 2009 Briefing.com:
Dow Jones is up around 80 points due to AIG pay back the debt to bank over 100 billion in which gives good sign to market. Also, regional market closed in positive sign.
OPEC leaves the production unchange for anticipating production will pick up again in short period of time.
Actually, this friday is third week of march 2009 in which expiration day for march option contract and the same day is Triple Witching day. On that day DOW is up 5 of last 7 and if we take a look at the DOW chart, it is already going up for 5 days in row and it is most likely that this month is close slightly bullish.
Next month, be prepared for the bullishness since april is most bullish month in the year however there is nothing can guranteee for that because no absolute certainty in the market. Market is so dynamic and whatever happenes this year, it might not happen next year but one thing, it can be same from time to time is human behavior that drive demand and supply in the market.
To learn more how to make consistently profit on bearish market
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