Thursday, August 27, 2009

MarketWrap : still testing the water....looking stronger



Recent DJ’s small gain continues to play with players mindset as far as the next major direction is concerned. Regional mostly lower, consolidation mode ahead of mth end.

While range bound, its encouraging to see the mkt recapturing 70s, even though its just a baby step. Fbm is especially resilient today, also near week high, maybe the bulls will have something to cheer if fbm opens higher tomorrow.

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