It certainly was an exciting week. The almost failures of Lehman brothers and AIG. The interbank rates going through the roof and the formation of a bailout fund. The weeks ranged over 350 points an finished just 70 points below last Fridays close.
Looking at the weekly charts this week is a hammer which is a rejection of the lows. Especially if next week ends up higher and does not intrude into this weeks range.
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