Wednesday, March 16, 2011

Fcpo wrap....bulls work hard to keep fcpo >3300

-bulls miss a chance to test 3400 today following SO sharp drop overnight, But, SO recovery during Asian hours, from -4% to -2% also give bulls some relief.

-fcpo sideways within Tues’ range and remains tech-bounce mode as staying power above 3300 continues. Strong bearish signal for next week moves if a closing below 3250 this week. Otherwise, a rebound mkt, 3300-3500.

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