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Wednesday, July 2, 2008

can it go further down ?

Proposed action for tomorrow's trade None
Today's action None
Famex 9245
News for today : 1 : Wall Street began the third quarter with an erratic session Tuesday as a mix of news made it clear the country is still deep in economic problems but may have some positive trends. Prices rose early in the session, fell sharply for much of the day and then recovered in late afternoon.
News for today : 2 : According to Kapoor, chances of a complete reversal or sharp bounceback of 3,000-4,000 points looks difficult because the fundamental situation -- boiling oil, high inflation, rising current account and budgetary deficit -- are not all that great.
Stock Barometer 3 volatile
Strategy for today : Hold to stocks
Quote for the day : "A fool and his money are soon parted."

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