The Index lost another 334.46 points to close at 25,573.66, with value of stocks at N3.681bn.

Market opened Low and closed Low. The whole scenario today is the presence of strong participation filtering into the market since yesterday (High Turnover).

Technically, The Index is its support line (DOUBLE BOTTOM) of 25,549.00 and I would say that the bulls and the bears are deadlocked with plenty of ammunition on each side as tomorrow is going to be critical. If the Index falls again tomorrow, closing below its Support line significantly, we could see a quick disintegration of confidence as the old adage of selling in May and go away comes into the minds of most investors.

I foresee a likely "recovery" we have never seen before and could possibly put an end to the BEARS.

Use our Support/Resistant tables as good guides for Buy orders.

MARKET INFO:

MARKET RESULTS 26TH MAY2010