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ANOTHER BULLISH SIDEWAYS DAYBulls continue to defend its position as it inched up slowly by 43.70 points to close at 27,859.99 Volatility was the only constant in today’s markets. The markets opened high, went down by (0.17%) before bulls managed to bring it back to 0.16%. It is becoming evident that bulls are doing their best to defend their positions. Does this mean that markets have again turned bullish? I’d still have my doubts till we make a 200+ points upwards (28,000)on INDEX on a heavy Volume before we can conclude if the Bulls are in charge. So it might make sense to be cautious and book partial profits around this area. Take fresh positions only if markets make a convincing move upwards without much intraday volatility. Fridays trading activities from the beginning of the year 2010 for 18 trading weeks has continue to outperform Thursday trading on a ratio 12:6. Will the BULLS repeat this feat? MARKET INFO: MARKET RESULTS 13TH 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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