patrick.net

This week’s market action was swift and volatile. Friday’s quadruple witching saw the Dow Jones Industrial Average up just $26.65 on the day. But the strong rally that began Wednesday saw the Blue Chips have their best 3 days since late 2011. Media and analysts blamed the market’s decline the prior two weeks on worries about slowing global economic growth, tumbling oil prices and a collapse of the Russian ruble. Apparently, all that meant nothing compared to the “patience” the Federal Reserve promised to exercise before raising interest rates in the future.

http://www.globaldeflationnews.com/dow-jones-industrial-averageelliott-wave-update-for-week-ending-12192014/