Morning all,
Im on the sidelines at the moment, have some concerns over the direction of the market short term and not willing to risk cash for the sake of a punt..
The late rally on the DJIA IMHO should be taken with caution...yes, we might see some buying here this morning, however I wouldnt be surpised to see a few taking the opportunity to unload into the buying..
For me, the DJIA is heading back to the 9600-9700 level, and maybe even lower to the 9100 or so level.
Also worth noting is the Dow futures finished at -38 after the market closed on Friday..
If I get any decent charts I will post them up when I get a chance..
Good luck today all
Cheers
Kevi
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