Thursday, August 25, 2011

Fcpo wrap...setting the stage for bearish run in Sep

Bears goes into assault mode in PM after 3020 support breaks. Fcpo is ready for 2900 in the next two days, 2900-3000 lower ranges. But unlikely to create major breakdw moves before Raya.

Alternating between –ve and +ve bias lately but lacking the necessary follow through., therefore keeping mkt in sideways range for the past few weeks. Further weakness tomorrow could set the pace towards 2900 and a fresh leg dw towards 2800 in Sep

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