Market Ranges

Tuesday, January 27, 2009

The market ended 58 points higher today in another calm, low volume session. Nothing is happening in the market as stocks bounce back and force not finding a sustainable trend. I continue to wait for a break through the 8,250 level to believe a rally to the upside will begin with any speed and force. Active traders need to be sitting, waiting, simply not losing during this time of dreadful action. The Federal Reserve will release its FOMC decision tomorrow afternoon. Traders will carefully read the Fed's words for subtle clues of an improvement in the Fed's outlook on the economy.


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