2 November 2009 – Attempted bounce

Tue, Nov 3, 2009

US Commentary

Price tried to recover but was unable to hold its gains. At one stage the Dow Jones had taken back 150-pts but had gave them back. Broader indices closed in the red or slightly positive. The Dow Jones Transports closed over -0.5% lower cementing our ongoing argument that we’re not likely to trade higher in the near term and that risks remain to the downside. We’ll look at any low volume probes as selling opportunities.

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This post was written by:

Nick Radge - who has written 894 posts on The Chartist.


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