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Message: The Main Market Numbers are Always a Factor

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Montrose2

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The Main Market Numbers are Always a Factor

posted on Jul 24, 09 12:20AM

It has been my experience that when the big boards are making major moves such as todays 200 pt plus on the TSE then the more "adventurous" issues such as NRI take a bit of a back seat.

We did see large volumes but still not as large as yesterdays. Don't blame people for taking profits and moving them into what they perceive as safer havens. Some of these people got in at .07 so are reacting to the reawakened market and getting into some of the historicly established names.

Tomorrow is anyone's guess because recent anecdotal experience shows people reluctant to hold over the weekend to avoid volatility that might start in the Asian markets and take things by storm on Monday.

When our markets open again Monday and given a reasonably calm day then I would envisage a return to a steady increment.

Thats as close as I will get to a prediction but again it's just my take on things.

Onwards and Upwards.

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