50% Pullback
May 17, 2006
As expected and hoped, the market recovered nearly 50% of its 7% slide this week, closing at 11,094.68 , 387 points plus. With the RSI at 28.52 , the lowest since September 2004 , some recovery was due as fundamentally nothing has changed and the market was totally oversold. Whether it continues back to 11,500 remains to be seen in the next few days. The Vaseline jars were given a rest today though they should not be put away as yet.
UPPER CAPS : BOP / FABL / DGKC / POL / CTTL / BOSI / LUCKY / SHELL / FCCL.
