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January 2010
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FOMC Rate Decisions Sparks Buyers as Volume Rises
The correction didn’t end today, but buyers stepped up with volume behind them. Stocks set a new low for the current correction after New Home sales unexpectedly slowed in December. Selling pressure slowed as traders began positioning themselves for the FOMC rate decision. The market appeared to have support at these levels NASDAQ 2200 and [...]
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Correction Deepens As Sellers Step Up Knocking Over Bulls
By BigWave_Trader on January 28, 2010
The market received another jolt of selling as traders dumped stock. President Obama’s State of the Union address failed to inspire Wall Street to push stock prices higher. Even with the Federal Reserve holding steady with its game plan Wall Street simply wasn’t impressed with Obama’s vision for this year. Volume was mixed as the [...]
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