DJIA - fed cuts interest rates by 50 basis points

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DJIA = 12,442.83 ()

DJIA formed a white candle or is it a doji with higher high and higher low. Volume continues to increase.

Fed cut rates by 50 basis points. Interest rates now at 3.0%. I'm not sure if this is below the inflation rate.

DJIA had a wild ride. It surged up right after the Fed decision but moved back near its open, most likely due to profit taking and general bearish sentiment. I think the consensus is that since the cut in rates has been expected by the market it is already factored into the price of DJIA.

DJIA continue to form higher lows. It might be confirming that DJIA may still be bullishly rallying or might even be trending up (hopefully).

I do hope DJIA continue to form higher lows.

Good luck to all traders!
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