Community of Wealth Forums » Articles

Market Summary 24 Feb 10

(2 posts)

  1. ukey
    Moderator

    Very interesting night yesterday. Market went down on higher volume, with USD off its lows. At the same time, AUD and NZD went down, together with silver and gold. The main reason given was the heavy drop in consumer confidence level. Well, no matter the reason, the market has been having bouts of bad days during its attempted rally, so this is the first signal of maret weakness. If we manage to break the 10,000 level again, thats the second signal. Lets wait and see.

    Posted 6 months ago #

  2. ukey
    Moderator

    Even more interesting market yesterday. Gives me the impression of silence before a storm.

    Markets closed higher in lower volume, yet USD index remains high. Most currencies closed weak, together with silver and gold.

    Well we'll be waiting for the 10,000 level to be breached before we can confirm this. Lets see how Bernanke will affect the market tmr!

    Posted 6 months ago #

RSS feed for this topic

Reply

You must log in to post.