Tuesday, August 11, 2009

Morning Market Review 08/11/09



We got a nice correction to the downside. 989.75 is still support.



Selling momentum has decreased going into the last 30 minutes of European trading. However, there is little buying interest thus far to lift the market.
Charles
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3 comments:

  1. JoeAugust 11, 2009 at 2:50 PM

    Charles:

    What is meant by "wholesale sales"?

    Thanks,
    Joe

    ReplyDelete
  2. Charles A PennisonAugust 11, 2009 at 5:18 PM

    Hi Joe,

    I should have said, "Wholesale Trade." That was the 1000 ET economic report.

    Charles

    ReplyDelete
  3. JoeAugust 12, 2009 at 2:34 AM

    Charles,

    Much appreciated. I have seen the term "wholesale" used when reference trade and thought it referred to some bulk buying or selling in the pit. Never made the connection to #'s.

    Thanks for clearing that up

    Joe

    ReplyDelete

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