Fed's chairman innovation.

"Hey,Financiers! Are you guys being squeezed in this turbulent market?Well,don't you worry.You may borrow up to $200billion in super-safe Treasury securities by using some of the more risky investments as collateral.The new liquidity infusions will last 28 days and not overnight as previously.I'm taking the pressure off you financial companies and make sure you have the apetite to lend to individuals and to businesses.So no more questions about cash crunches.The loans of Treasury securities would be made available through weekly auctions, beginning on March 27.I help fix thy problem and make sure you turn the whole economy around."

Four foreign central banks, including three in Europe, joined in coordinated action with the Fed yesterday, announcing related measures

The Dow got its turbo-charge and traders on the floor have a cheerful day. This was a very oversold market, and today we're just seeing a short-covering relief rally.The advancing soldiers towards the closing bell have finally reached the peak and time for consolidation.A victory pause is needed.
The unshaven white bullish candlestick has covered the two bears and fall short of planting the victory flag.

A long white bar is very easily susceptible to backfire and risk of pullback.There might be a mild correction unless attempt to reach the Wednesday spinning doji is successful.