Watchout for a week of profit taking
Based on the Economic Calender
China Market / HSI drop badly due to Actual Import / Export did not meet the Forecast Expectation badly
SSE Index
Today we see a black candle and the main support will be at
S1 = 2772 ( 200 ma )
S2 = 2762
S3 = 2722
So until we can know there will be a big good news , i believe there will be a small correction lower than 2722 before bulling again.
KLCI
Looking at the KLCI, i am worried and there might be a profit taking session this week by following other major countries together. High chances i will offload for chances and wait till it retrace to 1531 and reversal then only ride on the Bull.
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Monday, January 10, 2011
Stock Market and Forex Update based on Economic Calender
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