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UACN GROUP saves Index as Optimism Returns
What looked like a BULLISH DOWN DAY reversed as there are now clear signs that optimism is returning to the stock market with UACN GROUP fantastic financial Scorecards hit the market. Is this optimism now enough to beat the pessimism that ruled so far? Not just yet. This is definitely a good start and one which might trigger a new Bull run, but I would expect a BREAKOUT above the 28,000 points. Though todays Losers were higher than Gainers, The Index was up by 130 points to close at 27,816.29. For now, I will rather trade with Caution, and watch market scenario tomorrow. Bear in mind that Weekly/Monthly Chart trends are looking Bullish! MARKET INFO: MARKET RESULTS 12TH MAY2010
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This commentary is not
a recommendation to buy or sell, but rather a guideline to
interpreting the specified indicators. This information should only
be used by investors who are aware of the risk inherent in
securities trading. TRW accepts no liability whatsoever for any loss arising from any use of this expert or its contents. |
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