There was a fair run up yesterday when the DOW was
down 100 odd pts so I guess people are simply taking
some profits and closing posi's before the long weekend.
Todays activity is similar to Tuesdays which also retreated
after a big surge on Monday.
Also, technically speaking, XAO crossed the 5700 resistance but it seems the bulls aren't gung-ho enough to take it further at this stage.
Since there'll be 2 DOW days before next Monday, next week will be interesting whether XAO can retest & close above 5700 or if it'll pullback towards the 5400 region.
All IMHO.
why are we down 80 points today, page-9
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$64.14 |
Change
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