DOWN WAS THE DIRECTION

Our markets started slipping right from the start of trade as Asian cues were also weak..as it tried to take support again and again but kept slipping on fear of more problems and delay of the relief package..Markets have closed below crucial level of 4016 for the week and at the levels of 3990 which is app.61.8% of the total rise. But what was amazing in the second part of day was sudden capitulaton of the prices of any and every stock as if some bulk unloading is taking place or participants were not ready to carry forward the inventories over the weekend..So the direction is given???? what next..,markets are over sold at close in intraday and will wait for clues tonite or over the weekend for the package to be announced.Lets muse over the weekend..take care cheers.

STILL WAITING

No decision yet from the US regards the bailout & future course for the financial world, but the Troubled WASHINGTON MUTUAL, the largest saving bank goes under(my very close friends son works there) which may be leading to Asia cues been weak today. Our markets will also do nothing, the premium in october series is not good as there are no shorts to cushion the falls, so maybe a drift downwards due to weekend factor..range could be 4070-50 down and 4170-80 higher. Will try to find from charts during the weekend what could be in store for us during the next month..cheers.