why are we down 80 points today, page-10

"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."

fundamentally nothing good has happened lately
eg high inflation and the prospect of higher interest rates

I get the impression we are riding on the back of a few good reports coming out out of wall st
financials still look abysmal tech stocks seem to be doing ok

results of the credit squeeze still to be felt

I think we have just seen a bear market rally

that 5700 resistance hold. back down to 5200

8% to go