In the week end review we saw two things. The immediate up move
lacked conviction and lack of volume would send the index in a sideways move.
The last two day’s action is only in line with our expectations. On Monday we saw
a down bar on low volume. Today we saw the index open much above yesterday’s
close only to result a narrow up bar resembling a “No demand” Bar. The last two Bars with their low volume
clearly indicate lack of interest from the Smart money. So as expected we will
see more sideways moves,
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