Wednesday, August 15, 2007

Another LOW close ????

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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