Thursday, February 24, 2011

Fcpo wrap...bearish stays but looks overdone...this week


- big swing , two selldw , one under 3500 and another in PM under 3400. All despite SO trading +1% higher.

-tech sell dominant but players deem 3300-3400 overdone on the back of SO gains. More bounce seen if > 3500 but 3600 toppish tomorrow. Fresh bears if below 3400 tomorrow.

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