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After Santa Claus, its Obama time


Both Dow Jones and Nikkei are trading in a very similar pattern and are likely to head down. It could retest the lows created in November. The so called “Santa Claus” rally or even dubbed as “Obama Rally” seems to have faded out with a double top.

I would not dub this a Obama rally, not from the perspective of the actual big bang statements, stances and actions Obama is likely to take to show the decisive “break” in the administration. Hence, Obama rally is possibly still out there. But, yeah, Santa Claus seems to be in a bad mood as rally faded out very soon.

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