Saturday, 25 October 2014

WALL STREET - CONTINUED BULLISH MARKET MOMENTUM TOWARDS OCTOBER END

 
Better housing data was the key to the bullish market momentum seen on Friday. All 3 Major indices rally strongly. The Dow Jones has recovered nearly 1000 points from its low struck a week ago at 15800. Many analysts caution against longing the market was swift to rally back strongly. After the blue chips rally, we would look out for Mid-Cap plays(0.20-0.80) and penny plays(<0.2) that look set to recover from this turbulent market crash in mid October. STI would set to rally towards the 3260 level(before the market crash), huge opportunity of trading would unfold next week.
 

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