Tuesday, March 15, 2011

Daily Dow Jones Is In The Bottoming Process With The Hammer Candle Formation And Oversold Positions.

Dow Jones falls 51 points after tumbling 147 points intraday.

The Dow eased 51 points after Japan's Nikkei nosedived 6% in reaction to Mar 11's massive earthquake and tsunami coupled with the deepening nuclear crisis.

The decline was mainly driven by GE on fears that a nuclear emergency in Japan could leave the global conglomerate vulnerable to liability. To recap, GE supplied reactor No. 1 at the Fukushima Daiichi nuclear power plant.

Sentiment was also cautious before the FOMC meeting tonight.

Daily Dow Jones Is In The Bottoming Process With The Hammer Candle Formation And Oversold Positions.
DowJones15-03-2011



Source: StockCharts.com

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