Friday, October 30, 2009

MarketWrap : Oct up 3.4% but ends neutral...



Mkt finished near lows as "sell on rebound" mode prevented the mkt from sustaining its early big gains. The mkt is now fishing for direction and this may take a long time. Range trading for Nov 1250-1270. if bulls are lucky.
Next week, below 1230 is a strong sell call. As for upside, the mkt must at least take out 55 to dispell "some' of this week's bad vibes.

No comments:

Post a Comment