Summary for Week Ending 25th November 2006
No real news this week as everything appears to be slowing down. Although most overseas news is truly horrific, we seem to have become inured to the high level of violence we are witnessing on our TV screen. I don't think this is a good thing, however its the state of the modern western world. Whatever happens to provide a shock, I can only assume it will be very bad indeed.
Last week...
Following on from last week the market managed to creep along a little further towards the upper trend line. the week was shortened with the midweek holiday and perhaps that contributed towards the hushed tone for the week. there doesn't appear to be anything on the hear horizon that will provide a shock in either direction, so I would be expecting this coming week to be more of the same. It maybe worth noting that around December 11 marks the 180 calendar days for this trend, so I'll be watching hat happens around this date. Perhaps this may be the setup for a quiet xmas.
Next Week...
More of the same this week with the market continuing its march. Again, any correction beyond the 28 point level should trigger a cautionary approach.
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