US market closed above 9000 points last Friday. The index is now above its 50 day moving average meaning that the index is now in “Recovery” phase.
The index has stayed in “Recovery” phase for the past 3 trading days. This has been the best performance by the index since the end of Aug 08 where the index managed to stay on “Recovery” phase for 5 trading days before resuming the downtrend.
This time the recovery coincides with the “Capricorn” effect. And hopefully it will turn out to be the real recovery.
The index has stayed in “Recovery” phase for the past 3 trading days. This has been the best performance by the index since the end of Aug 08 where the index managed to stay on “Recovery” phase for 5 trading days before resuming the downtrend.
This time the recovery coincides with the “Capricorn” effect. And hopefully it will turn out to be the real recovery.
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