From my site:
Commentary for 21/10/2005
The S&P500 reversed all it's gains from the previous session, and ended lower by just under 18 points. The trend here is looking a little by shaky, as I would have liked to see some strength in this session. Technically the trend is still up, and only a break of 1168 will change this. The target remains at 1235.
The Nasdaq 100 gave up around 14 points, but still remains within an uptrend. The target here is 1618, and a break of 1515 is needed to reverse the trend.
The FTSE 100 spent most of the day in positive territory, but then ended the session marginally lower. The result is that we have a doji pattern showing some indecision at this point in the trend. Again I would not be surprised to see an up move in the coming session, but it has to be said that the trend is still down, and until we break 5304, the target will remain at 5090.
Thanks
Commentary for 21/10/2005
The S&P500 reversed all it's gains from the previous session, and ended lower by just under 18 points. The trend here is looking a little by shaky, as I would have liked to see some strength in this session. Technically the trend is still up, and only a break of 1168 will change this. The target remains at 1235.
The Nasdaq 100 gave up around 14 points, but still remains within an uptrend. The target here is 1618, and a break of 1515 is needed to reverse the trend.
The FTSE 100 spent most of the day in positive territory, but then ended the session marginally lower. The result is that we have a doji pattern showing some indecision at this point in the trend. Again I would not be surprised to see an up move in the coming session, but it has to be said that the trend is still down, and until we break 5304, the target will remain at 5090.
Thanks