Joshua Hayes Big Wave Trading

 

FOMC Rate Decisions Sparks Buyers as Volume Rises

January 30, 2010

The correction didn’t end today, but buyers stepped up with volume behind them.  Stocks set a new low for the current correction after New Home sales unexpectedly slowed in December.  Selling pressure slowed as traders began positioning themselves for the FOMC rate decision.  The market appeared to have support at these levels NASDAQ 2200 and [...]
FOMC Rate Decisions Sparks Buyers as Volume Rises

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