DJIA Cannot Withstand Selling Pressure : ~8,200

Posted by Kris | Saturday, January 17, 2009 | | 0 comments »

DJIA started in green territory as the news of Bank of America bailout by the US government. But that cannot the bank to maintain its initial upward rise. Now it is back the low that it achieved yesterday before the bailout.

Banks are pulling the sentiment down. Today marks the 5th consecutive RED blood for DJIA if it closes downward.

As you usual, my internet connection is problematic. But i managed to scalp a JAN PUT only until i saw the stock dropped even more. My timing is always very bad. :(