The Caterpillar wriggles,the Dow bungy jump.

USD Currency Derivatives.(DXU7)
Friday(20.7.07) Open:$80.290 High:$80.380 Low:$79.960 Last:$80.150 down 0.120.


Caterpillar Intraday Movement (20.7.07)
Open:$80.18 a hefty GAP-DOWN of $6.80 Total Vol:38,721,885. Last Down:$83.20 down $3.78.
The company reported a 2Q nett income of $823m down 21% from $1.05b previous year.



DJIA intraday movement.
Open:14,000.73 High:14,009.27 Low:13,797.67
Closing:13,851.08 down 149.33 points.(-1.1%)

Next Week Market outlook.
A sell down is imminent in my local market as the US subprime woes is going to creep in further.
On Thursday,US new home sales report and durable goods order figures while on Friday will be consumer sentiment for July by University Michigan & 2Q Us Economics Report are going to create further fears.
If our big brother American market sneezes,we in asia are similarly going to catch the flu.
So get ready the opportunity to short the market.