Charts on Near Term Uotrends Message Board

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Strategies & Market Trends : Charts on Near Term Uotrends

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To: Jibacoa who wrote (1266)	9/23/2009 2:44:36 PM
From: Jibacoa	of 1404

Well, the FED said that although the recovery seems to be on its way, it is till too early to start raising interest rates.<g> It would keep its overnight interest rate at near zero for "an extended period." Probably, at least, until some time in 2010. And will extend the program to buy up almost $1.5T of mortgage-related securities until March.<g> Oil remains below the $70 level. The DOW is up 73.54 and the NAZ 19.52 Not bad, but will keep waiting to see how the DOW handles the resistance at 10,000 <g> Bernard

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