Friday, October 02, 2009

MarketWrap : testing 1200 junction...bulls are in for a ride



Fbm performed better than expected, with fkli tagging along despite weak regional and europe which suffer from DJ's -200 effect.
While still holding above 1200, technical outlook did not improve today. Still very much a trading sell mkt. Real test tomorrow whether 1200 can hold or moving towards the last defence line of 30SMA/green line. Roller coaster ride for bulls in the next few days.

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