Market Summary

Just a miserable week in the markets. Only gold managed to make a gain of 1.10 %. Everything else was down by a large percent. Octobers low was taken out on Thursday and then the markets put in a huge rally to make an outside key reversal day. This is normally followed by a continuation of the rally but it just fizzled out and Friday was another down day. The overall market trend, while still to the downside, has made significant bounces at our current level as if to be putting in some kind of bottom. However, I would view any rallies as selling opportunities for the foreseeable future due to the weakness in the economy. Click on table to enlarge.