27/10/2011

Buy on the rumor and sell on the news, is that what we will see now?

Since Asia opened the flood of positive rumors from Europe has been pouring in. And the sign up by the Euro zone leaders confirmed the deal. Dow reached a high of 12.044.7.

The resistance levels for closes on the 4 hr chart are 12.003,5, 12.129 and 12.146.3. Next 4 hr close comes at CET 10:00.

From now on the scrutiny starts of the Europe deal and the news flow from all over the world will sipper in the rest of this week. 

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