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Technical Brief – 6th Aug 2009

Posted by CharlesMing  Published in Technical Analysis

Big sell off, not on very heavy volume as the market sought reason to take profits. HSI faded backwards,giving ample reason for a retracement. The markets tried to hold 2600 and fought hard to contain the sell off before closing at 2606. I did say the next support was 2600. To be fair, the actual [...]

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