Friday, August 17, 2007 12:05:00 PM
Markets traded to intraday resistance, e.g. Qs 46.60 which is a break back-test.
Markets are trading at critical ST/IT/LT pivotal supports (high risk of Recession) and, with the Fed intervention this morning, markets are rallying.
The 10% correction which we have seen is, so far, a health correction by which market could build on with right ingredient and market sentiment.
CLOSE is important, and hope that we can bring back Bulls to support the markets at the critical juncture.
Markets are trading at critical ST/IT/LT pivotal supports (high risk of Recession) and, with the Fed intervention this morning, markets are rallying.
The 10% correction which we have seen is, so far, a health correction by which market could build on with right ingredient and market sentiment.
CLOSE is important, and hope that we can bring back Bulls to support the markets at the critical juncture.
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