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Hello out there stock fans. A big day for stocks that was pretty good from the start of the day and then
exploded after the Fed announced interest rates would stay at the 5.25% area. Today's huge move up was for
many stocks the start of a move off recent lows i.e. GOOG, NYX, BIDU and for others sets them up nicely to
breakout into new highs. Let's start off with the leading averages.
Today's surge in the market brought my short term trading oscillator to just a few points below an
overbought area of plus 44. This could mean that this rally, while powerful, could lighten up in a day or two.
See you back here tomorrow for an update.
Daniel J. Zanger
http://www.chartpattern.com
Copyright © 2021 Daniel J. Zanger
All rights reserved. Do not duplicate or redistribute in any form.
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