Inspite of fed injecting liquidity......last hour was again manipulated for lowest close ????
Dow Jones closed @ 12,861......a dream close to many shorts target ......
Margin calls @ open will put further pressure on the markets.......unless it is negated by agressive buying or some "news which will perk UP the markets"....
This credit issue has taken markets to a "major SUPPORT area"......Now the question is where it find support on a closing basis.....?????
This lack of confidence in market is taking a major toll on investor's psyche......
We need confidence building market moves...like a strong UPTURN in markets.....
Al I can say is stay in strong stocks & in a DIVERSIFIED mode.......
Techs will remain the "opportune area to FOCUS on"....
Good luck on your strategy.
BLOG does not give buy or sell.
Saleem
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