Securities Research Services

Tuesday, October 18, 2005

Volume Levels Problematic

If the market can hold on today gains made over the past two trading days this week then we are likely to see a run back to long term overhead resistance. If however the prices start to weaken at their current levels and start to roll over, then it will mean this market rally we are in was very short lived and had no steam behind it. Poor volume levels yesterday indicate that bulls may already be running out of steam.

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