Monday, June 30, 2008

Market condition 30Jun2008

- We are still waiting for large entities / investment funds to enter the market.
- Prices are very appealing.
- We are still in an UPTREND.
- We would NOT want to penetrate the 9800 point on CASE30 that would lead to panic, hence sharper decline within the market prices.
- June29th, some funds entered the market picking up some stocks @ critical support points.
- If this was an artificial support as usual, then it will fail today.
- Many are expecting to have good market conditions after the July 1st day off.
- Many who has left the market earlier will NOT re-enter the market unless penetrated the 11, 124 !
- Bellow the above level, all will be swing trading and NOT holding for nay reason, thus give the market real harsh days.
- We should all carefully monitor our stop loss points.

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