At 10.00 a.m. this morning, the CI has gained 1.54 to 972.52. Gainers out-numbered losers 186 to 140. Volume traded is still low at 124 million units.
Monday, October 09, 2006
CI is hanging on.
On Thursday, I've commented that the CI has broken below its short-term uptrend. CI has however done a good recovery job on Friday & managed to close marginally above the strong horizontal resistance of 970. In the process, it has also stayed above its short-term uptrend & its 10-day MA. With this recovery, the CI has again placed itself in a good position to do a convincing breakout.
At 10.00 a.m. this morning, the CI has gained 1.54 to 972.52. Gainers out-numbered losers 186 to 140. Volume traded is still low at 124 million units.
At 10.00 a.m. this morning, the CI has gained 1.54 to 972.52. Gainers out-numbered losers 186 to 140. Volume traded is still low at 124 million units.
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