Friday, June 26, 2009

MarketWrap : pausing or toppish ?....the former


Regional firm as financial stocks extend gains. Commodity strong.

A quiet day with mostly profit take ahead of the weekend. But underlying sentiment remains strong, on course to challege the critical "pre 1100" resistance again if mkt opens firm on Monday.
While its still to early to write down 1100-1150 range, do treat the mkt a "buy" if it trades above 1070 as potential of a run up is great.

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