So its Friday evening and dow has opened with a slight dip. Now If you see the graph it has taken up nicely and seems to hang around 7500-8000 zone for a while coz this rally needs some time to form a base or atleast some time to breath. A little correction should not be taken as a sign of slipping its heights. Why? Well its quite obivious that U.S market has discounted the historical news of all time high of U.S jobless data positively. Now it may sound unusual but as this market is already bitten down so badly that they are looking a slight positive hope as a sign to buy and climb up the heights. Don't believe me then just take relook how the market took the second month City earnings as an opportunity to move ahead. Now as I mentioned in my earlier blog that market has taken a very positive notes as their manufacturing index performed positively. So no matter how bad the conditions of their companies may be they are discounting every positive news and in this hope they will sustain 8000 lvls for a while. U.S seemed to be assured for a month now and it will be interesting to see how their manufacturing index will be for the next month. Till now they can afford their good night sleep. Also major happenings like G-20 summit shelling close to around 1 trillion ( 750+250) will keep things busy for the world bourses.
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