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Friday, December 21, 2007

Mid Day Review

Nikkei +242 @ 15274

Nice run up and a good closing region. Exceeded my target of 15250.
!st signal of a possible double bottom formation and a rally ahead for christmas, but further confirmation is needed. Next target for run up is 15400.

Short term - bearish, in console range - today's closing increase probability to upwards breach.
Mid term - bearish, @ support region

STI +55 @3412

intra day breach 3415 and sustaining near this region, bulls will likely be in control awaiting further strength. Target ahead @3450.

HSI +440 @27458

strong but bulls yet to take control.

DJ fut +35

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