Dow Jones shows a clear breakout to upside on Friday close. It finally had a move out from its large congested area over past two months time, give us a rather strong "bottom".
Monday, October 24, 2011
Market is Set for Upside Move
Good morning everyone, hope you all had a nice weekend. Coming to this week, we have lots of "hopes" for the market to move up.
Dow Jones shows a clear breakout to upside on Friday close. It finally had a move out from its large congested area over past two months time, give us a rather strong "bottom".
Local benchmark STI was stuck in the range" 2700-2715" area--an inside-bar of Thursday candlestick. Furtherer upside shall be seen if it can break above 2715 resistance.
Dow Jones shows a clear breakout to upside on Friday close. It finally had a move out from its large congested area over past two months time, give us a rather strong "bottom".
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