The higher high has been made and weekly buy signal has been generated. The target from symmetrical triangle seem to be realized (usually this pattern give about 80-90% of projected swing size).
Few on-line analysts are expecting a correction now, however there are no technical signs of even short-term reversal yet; we have to simply wait for proper market actions.
The significant drop at the end of session is confusing, nevertheless the weekly trend is still intact.
China warns the Federal Reserve to pump more cash into the financial system (here).
Few words about Warren Buffett (here) from the end of 2008. Currently Berkshire Hathaway Inc. is trading much lower (here or here).
Sources:
[http://www.thedisciplinedinvestor.com/blog/2008/10/02/warren-buffett-genius-or-thief/]
[http://www.marketwatch.com/news/story/China-central-bank-says-Fed/story.aspx?guid={2B1DC06C-6E35-4C7F-8291-8C3D3CB7283E}]
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