Wednesday, 1 October 2008

Stockmarket Closes at 4814

Today the indexes continued upward movement. Australian All Ordinaries closed at 4814.5 while the ASX S&P 200 closed at 4794.6.
This is close to the previous trading range. Tonight the US Senate will make a decision on the bailout plan and the Congress could go back to it, as well. That move could push markets a bit upwards into the trading range. Such a development would form a nice bottom that started mid-July.

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