Wednesday, February 16, 2011

Fcpo wrap....bulls hit hard with sudden plunge...

-a big opening gap dw and further tech sell under 3800 today. Selling pressure all day and not a single significant tech bounce as SO remains bearish in Asian hours.

-a sudden change of mkt outlook, from a possible bullish breakout above 4000 to testing 1-mth old lows.

-tech bearish if under 3815, targeting 3650 this week. Profit take buyback if fcpo regains 3815, if any, tageting 3890-90 this week

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