Tuesday, 3 April 2007

40 minutes into the US trading and the DOW is showing a healthy gain of 100 points - the oil has fallen below 65 and it is partly to blame for the gain - FTSE surprisingly is not following the DOW on this occasion - in fact traders seem to be shorting it slightly - I guess that is because they expect the DOW to lose its gain any minute as has been the case recently - but care has to be taken into account as at this particular time there's no reason why the US market should not hold on to its gain - UNLESS the Crude takes another leap upwards, the bulls should be in charge even if it's only for a few hours!!

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