Thursday, December 17, 2009

MarketWrap : missed 70 but weekly positive ..



70 did not materialize with –1% external factors. Firm AM but PM slip as regional extends losses. A small relief for bears of see today’s candle. Still, it was weekly +ve, above 7SMA so I dont think we have seen the end of 70 yet. but a lot of push and pull.
FKli below 65 is trading sell and upside seen limited unless fbm secure 70. so at mom ..the mood is negative.

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