DJIA - white candle amidst collapse of Bear Stearns

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DJIA = 11,972.25 (+0.18%)

DJIA forming a white candle with lower low and lower high. Volume increasing slightly.

DJIA seems to still be trading within the trading range it has set since the middle of January this year.

Though the Bear Stearns collapse seems catastrophic, the DJIA did not seems to buckle under this bearish pressure. Maybe due to the recent cut made by the Fed?

I hope the local stock market rallies with the strength that DJIA is showing :)

Good luck to all traders!
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