Two major selling event. AM on HS/SH cue, -1% amid fear of government effort to control property prices . Already heavy pressure after dipping under 1500 in AM session, bulls suffer another blow as news of “war” between South Korean and Kim made headlines in PM. Selling tone all afternoon.
Technically, a meltdown under 1500 for the second time in less than 2 weeks. If 1480 holds, 1500 is still in play this mth but looks likes a dw trend targeting 1450, under the dwtrend line for the rest of the mth ..if not for the rest of 2011.
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