Wednesday, February 23, 2011

Fcpo wrap...under 3600 very bearish.....

-after a huge big gap dw and cutloss activities in the first 15 mins, fcpo sideways all day , not even a meaningful bounce as fresh bears, under 3600, overpower profit take activities.

-I think we r looking at a new lower trading band of 3400-3600 in March if mkt stays under 3600 this week.

-for tomorrow, above 3500 is bounce hopeful but plenty of fresh bears are seen q-ing under 3500, targeting 3450-70 this week expected bottom

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