Friday, December 7, 2007

Rally in US Stocks

US Stocks rallied strongly from 12800 levels to 13600 levels in the last 10 trading sessions. Citibank's stake sale, Expectation of holiday sales, government's consideration in ARM helped this strong rally.

But caution is the buzz world. Stock market normally reacts very fast to expectations but economy would take time its sweet time to react. For DJIA 14000 would act as strong resistance and 13000 would act as strong support. The trend would be very clearer by end January 08.

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