Tuesday, August 25, 2009

MarketWrap : lower but no big dent yet...


A day you just wish that the mkt would remain steady as upside seems too much to ask for. And it did by staying above 70. Sporadic selling did not turn into something really negative on strong support at lower end. Also thanks to HS steadiness.

Regional lost about 1%, only marginally affected by SH. SH tumbles more than 5% in early PM but managed to recoup 50% of the losses. HS considered strong despite selloff incidents in SH.

No big move today, everything remains the same, still a buy mkt, and a waiting game.



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