Wednesday, December 30, 2009

MarketWrap : profit taking...after recent 20p gains



Despite a firm regional , except NK on JAL issue, profit taking dominant after a lack of fresh highs in early trade. Losses limited near round figure of 70. Trading was thin - around 2500 lots in the outright.
Today losses yet to affect the mkt uptrend outlook- still considered a healthy pullback. But a closing above 80 looks slim with only one more trading day to go...before 2010. Still, the mkt is expected to finish the year with an uptrend mode.

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