March 19, 2009 Briefing.com:
Yesterday, FOMC accounced that lending rate was unchanged from 0% to 0.25% and the good thing is FOMC (Federal Open Market Commitee) assign the Fed to buy treasury note for over $300 billion for next six months.
Once FOMC gave announcement last night around 02.00PM EST, the market showed in positive signs, which DOW was -52 points started to rally all the way to +90 points in closing time. It was fantastic and we can imagine how news can drive the market. Actually, on the opening, DOW was -100 points. Market is so dynamic and no body where it is going to.
Recently, DOW attempt to break the resistance around 7500 points and since last week it has already rallied up for few days in a row. It is almost certain that this month will be closed bullish.
To learn more how to make consistently profit on bearish market
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