where will this go today, page-16

godskitchen

Not sure if the Americans wanna sit on the sidelines for too much longer. Being driven by greed sitting on the sidelines does not make profit. Having said that, the 185 point rally last night just shows how badly they want to jump in. I am also not sure if we are going to follow them [today] in the same spirit. Probably our market will recover yesterday's losses and a bit more BUT will wait for TUE trading session in the States to get further guidance. If TUE is also positive [50+ points] we will see a positive and more optimistic reaction here.

FMG - IMO it will rally today. We will have an opportunity to get some scalps. I expect 20 cent trading range. Maybe even a bit more as I expect volatility until it establishes itself. I'd love the volatility to continue for at least an hour to maximise my personal trades early. Over the last few trading sessions it has proved that after finding its trading range FMG [after 10.30-11am] becomes a very boring stock. It just may not be the case today.

3 hours to go.... time to put a strategy in place and cock the gun :)