Monday, January 24, 2011

Fcpo wrap...flat ????...wtf ! ...weak forward mth curse


-big gap up in opening trade amid SO +2% then consolidates for most of the day before the big selling in late PM after 3800 breaks as players shift to profit take gear following last week gains plus weak forward mths today, -20 to -40.

-no bullish closing but still a bull mkt. A jog not sprint towards 3900, hopefully. Confidence takes time to build especially ahead of long holiday next week.

-Uptrend if > 3700.

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