Friday, October 31, 2008

SHORT COVERING

Starting this SAMVAT , the positive trend is continuing and shorts are getting squeezed this time. Markets were mixed in Asia and despite profit taking, at 2780 -2800 zone short covering came in this area after the markets failed to drop any further and a very quick ride up in last 1/2 hr trade took us again around the top of the day..After a long time one can say, relax and enjoy the weekend...cheers.

PS: history will remember october '08 for times to come and lots of fundamental/technical papers will be written about it in years to come..

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