Tuesday, October 25, 2011

Closing Bell

EUAs were trading sideways, which can be explained by the market awating for the big news from Merkel-Sarkozy tandem leading the EU into the brigher future (or not).

Strong closing should provide good support for tomorrow.

If there is any good news from EU, and market continues to rise, we could see it going towards (breaking) 10.90 (recent resistance) which could create a nice double bottom.

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