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  • Tuesday, October 11, 2005

    Market Close 10/11/05

    Well the market closed near the lows once again today.The SPZ5 futures closed at 1189.50 which leaves it sitting right on the minor uptrend line of the weekly chart.If the bulls don't do something soon they may just get capitulated.Volume was pretty thin today seems to me that more of it was on the sell side today although it was somewhat light.I'm sure many institutions are trying to absorb the data from the FOMC minutes,so we'll have to see what happens in the next few days.Trade what you see not what you think!


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