to open at 21c, page-16

CAP has been quite strong around the 20c mark due to that being a long term support/resistance region. Right now though, we need a bit of a 'fizzer day' wherein the gap fills at 24c.

We are not out of woods yet by any means. The DOW regained 11000 just as quickly as it lost it, but the unusually high volatility means we could be prone to more 3%+ swings on the market for a while yet. Investors have the jitters, and the fed is holding back on QE3 in the hope that continued low rates will encourage consumer spending to boost the US economy; well thats how I interpret their plan anyway, and somehow I don't think its going to pan out as they will be hoping it does.

V shaped bounce rallies often end in tears, so personally I will be hoping for a bit of a further rise to finish out the week and then some healthy consolidation to filter the short term money back into the value investor's hand.