Wednesday, October 27, 2010

Trading Update

Dear Colleagues,
As we have predicted for the last 3 trading sessions - there's nothing happening out  there except uncertainty. With the Dow south by about 124 points as we write - we are still not tempted to go into the market at these levels.
We were previously bearish - we maintain that position with further downside of about 30 points expected over the next couple of days - we will take a fresh view later today/early tommorow.
Happy Trading

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