Monday, November 22, 2010

Fcpo wrap...SO offset last week strong recovery...


Outperform and steady in PM but playing catching up with SO losses in late PM session. Strong sell momentum in PM after breaking AM’s low of 3230+. All the way down here onwards with further selling under 3200 psychological lvl.

Maintaining a dwtrend mkt, < 7SMA, amid a lack of follow through today, no thanks to SO -4% losses. Can 3100 hold for second time? Defensive till mkt recaptures 3300 mark again.




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