Monday, July 11, 2011

Market sentiment ww27

Market rebounce strong from bearish to bullish last 2 weeks, the rebounce just like knife cut thru resistance, it has now above 50 SMA line and looking having some more leg to going upside. But a little patience is better to see follow up on next week after dissapoint NFP last Friday. Technically it is strong, but sentiment a bit caustiously bearish, but i assume people will buy every dip in the market.

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