Dow/Nas update

ChartMan

Legendary member
5,580 46
Still no clear direction, by virtue of the strong pos. divergence on the indicators, and the strong finish on both indecies.The price, and common sense says down, but I think we will see a strong open on Monday.
Any thoughts?
 

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Martin,

I think that we will have to wait 'til Tuesday for a decisive move after the FED announces the next move on interest rates. The market is now less sure about getting the 0.5 point cut that has been factored in.
 
Just another thought. Volume was very light yesterday on the US markets again suggesting that market participants are waiting for news before making their minds up.
 
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