Wednesday, January 12, 2011

Dec10 MPOB cause another selloff or tech bears ?



-Weak export , yes but Dec also tends to be a slow month. More significantly, end-stock remains flat, so no major -ve here.
-but no good news is bad news as fcpo internal momentum is very weak on tech bears. Any upside remains doubtful till mkt finds strong footing..at mom, on course for 4-day losing streak, near RM200.

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