Morning update Wed, 17th Dec:

Morning update Wed, 17th Dec:

The Fed rate cuts induced bounce in dow terminated the chances for a gap down but it can be clearly seen that the Asians are gradually losing their morning gains as the trade progresses. The dow futures indicating the chances for weakening tonight.
Whatever may be the open, one can go short till end of the day or risky traders may gamble tom open.
Those who are trapped in shorts at earlier levels may try to avg it and book at EOD or tom open to reduce losses.