Everywhere is looking at -3%, as selling continues after most mkt dips into tech bears territory this week with mkts enter into correction phase and a lopsided bet that it will turn downtrend amid recent -ve external like European debt issue, China bubble. Meaning the big correction for 2008 is here ? after so much talk since 3Q08Fbm/fkli lost almost 100p in a week and yet to steady. Sell on rebound capping the high ground while panic sell remains a dominant force.-those who trades on hope of bargain.
Technically, mkt failed to protect 1250 lvl, means very high chance of seeing year lows lvl near 1220 if not 1200 before bears take a break. In case of a bounce, upside target is 70 lowered from 90.
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