Wednesday, October 20, 2010

Market Comments 20/10/2010

Clearly today was not kind to those of the bullish persausion. Nor was it all that satisfying to those of the bearish persausion.

The uptrend line from late August was broken to the downside (the bears cheer) but the XAO finished up short-term support (the bulls shove an indignant digit in the air).

While the XAO maintains its stance above the 4600 area, the trend remains up.

Cheers
Red

No comments:

Post a Comment