Tuesday, August 17, 2010

Mission Accomplished 2½

Voila! FCPO was coming down just as I predicted. Despite its 2650 level was broken, I was NOT convinced by its movements and momentum. I bought them back in the late afternoon to close my shorts. Nonetheless it's a very profitable trade, on the risk of missing a downward trend though. If you ask, why close so early? I would answer: Yesterday I thought it was toppish, not bearish! In fact, I am waiting for my chart signal me to go long again. LOL!!!

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