Thursday, August 6, 2009

Midday Update


Well sellers continue to chip away at support in the 992-993 area and like i said in the pre-open update the gap open was ineffectual buying at its best. Now with the all important employment report awaiting the markets I doubt we'll see any break of 992 nor any real extension above 1000. My guess right now is that we'll probably range between the two for the balance of the day. No one wants to stick their head out ahead of the report tomorrow morning.

No comments: