3/4/09 Sell 909.5
Justification: Gap up on 2/4/09, confirmation to test next resistance at 926-936, econ data not convincing, sentimental play
Concern: Yen weaken against Dollar, RM strengthen against Yen indicates money inflow, Jap is buying high yield assets, or carry trade in play. According to news, Jap has been net buyer for past few days.
Action: Prepare to buy stop @ 912.5 and wait for better opportunity to sell again.
FKLI , Futures
Apr 4 2009, 11:44 AM
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