6 November 2009 – Quiet end

Sat, Nov 7, 2009

US Commentary

The major indices closed a little higher but the highlight was the market survived the dreaded employment data. The big technical news was the Dow Jones Transports managed to close the divergence gap a little more. If that keeps going we can have greater confidence that recent weakness was just a dip and not the start of a more sinister decline.We’ll stay cautious and selective until better direction is offered.

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Nick Radge - who has written 898 posts on The Chartist.


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