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Thursday, December 20, 2007

Mid Day View

USD / YEN

Long term - bearish
Mid term - bearish but bulls gaining strength
Short term - bullish - 113.5 resistance likely to taken out, if so, the bulls will take it to 115 levels

Nikkei +108.5

Although up but no clear signs of strong intra day bull in the market, likely range bound today in 15000-15300

Hang Seng +27
Similar to nikkei, no clear directions, likely range bound in 26600-27400


**In trading, strength is relative to individual trading time horizon, above statements serve as a guide for general market sentiment... 2 good intraday trades can usually be found daily

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