Wednesday, April 21, 2010

FCPO wrap....more comfortable for bears...



Firm start on tech follow through, weak finishing for catching “down” with SO. Activities remain within Tue’s ranges.

Bears can take relief as 2500 remains as resistance, with the help from SO -0.5% performance all day long. Fcpo saw selling in PM after ONE attempt at 2500 at 3.51 pm failed.

Locking in 2450-2500, hopefully to see fresh range of 2400-2450 following the recent dwtrend move. Below 2500 is a bear mkt.


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