friday sell off, page-19

The patience had pay off but was too tired from the night before and did not ride the down profit all the way.

So where to from here ? We'll get smash at the open and being Friday and job data out in the US, I am likely to think we'll close on the low but keep in mind we got banks divvy coming up next week and Dow at this stage is just an excuse for profit taking to me as CitiGroup rumour has yet to confirm and with yesterday interest rate cut and strong GDP data, we can safely say their economy is doing OK which means focus on resources and stay away from banks for me but no buying today just scalping up and down trend as usual.

So many times in the past the markets were looking weak and so sure they will tank but each time they recover and support again. But this time I think we might see a few down days and be wary of the PPT ready to come in. Good luck.