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Wednesday, December 31, 2008

New year to bring cheer to the markets?








OUTLOOK: POSITIVE




Nothing in the markets seem to suggest that this current round of consolidation is ending. In fact today on the technicals, the moving averages crossovers suggest that the positive line has finally broken over the negative line thereby indicating that  the positive uptrend has resumed. (how long will it last is entirely a different question). US markets are holding up well for the year end, and analysts in US are already advocating buys into Chinese and Indian markets...lets hope our markets give us reason to cheer for 2009.


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