Wednesday, September 30, 2009

MarketWrap : to green line...major support ?


Fbm weakness continues to drag the mkt. But still consider a pullback in an uptrend mkt. Waiting for the right time to long while no sell plan if mkt trades above the green line support.
It looks like a congestion band, more trying time before another run up. Resistance is lowered to 1210 from 1215. ( desperate to get in, even though major buy signal is aobve 1220++ , the horizontal resistance lione)

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