Typical Low Volume Day Ahead of 3rd Qtr Earnings

What a super mixed day with all kinds of mixed signals resulting in a mixed close as the NSE ASI closed by slightly over 45.80 points on a very Low volume.

Investors were literally tossed about helplessly in the waves of trades today like a See-Saw opening Low,high,Low,High, Low and closing High.

Today, the index closed neatly within yesterday's top range as buying interest dissipitates. Again, volume was low and uninspiring and major indices remains flat.

There just didn't look like there are any enthusiasm or energy left in the market to go any further up. A research report once stated that there is a better than 66% chance that the market will drop within the next 5 days following a 5 days gain. Is this where it is going to happen? For now, both the bulls and bears continue to co-exist in this market with slight supremacy over each other from time to time.

The energy Index needs now is when 3rd Qtr earnings starts hitting the market.

SHORT-TERM TRADERS: TAKE PROFIT

MEDIUM/LONG TERM TRADERS: HOLD

TA SIGNALS FOR 14TH OCTOBER 2010

CLICK....