The week started on a rather ominous note, with a deep gash .

Volatility was a big feature thru the week and it was never quite clear as to what the market’s real intent was. Gaps on either side every day was a feature and traders kept getting tossed from one side to another. This kind of rapid to and fro movement prompted one of the market’s leading lights to comment that the market seems to have been taken over by an entirely new set of people who were riding these volatility surges. Be that as it may, the going was certainly quite difficult as the trends swung around rapidly from day to day.