Friday, October 31, 2008

Dow dilly Dallying

Dow   9180.69     +189.73 (+2.11%)

Till next week when US Presidential elections begin, Dow would probably trade with a flat to slightly positive bias. It will be interesting to watch the Indian markets towards the end of this week - S&P CNX Nifty has posted two consecutive gains this week. On the monthly charts, the Nifty has posted 4 consecutive losses after every two consecutive gains. So, today will be decisive as far as the behavioral patterns go.

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