myz said...
hi. so, what is your idea now about fcpo? thursday closed at 2510. is it changing to uptrend now?tq.
February 4, 2010 10:54 PM
hi. so, what is your idea now about fcpo? thursday closed at 2510. is it changing to uptrend now?tq.
February 4, 2010 10:54 PM
TQVM in advance myz >>> for your valued comment / query regarding CPO prices & sentiments.
This link provided is an oven fresh article published today 05/02/10 but due to lack of space ZL left out some commentaries in the first CPO SMA Crossings Chart.
Now that myz posted a relevant question, ZL shall continue where I left off >>> There is plenty of space here mah ,,,,, HAHAHAHAHAHA !!!!
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Let's cater to the 2 death crosses only. The 20 / 50 crossing on the left led to more downside compared to the recent crossing which shows 2 green candles but do you see the SMA 20 hooking up? Ready to recross the SMA 50?
ZL would be very cautious from here especially TODAY
When was the last time CPO delivered 3 green candles in 3 trading sessions? 4? You find the answer in the chart ........
As stated in earlier commentaries >>> Watch your exuberance. CPO had it's sunshine days from Oct > Dec last year. You really believe CPO bulls can turn it around with 3 candles. But leave some room for optimism >>> ZL is still long mindset but reality is still reality.
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Give it a little more time to build it's strength before getting the bullish feel.
Hopefully MYZ and readers can accept my 2 sen views.
Regards
ZL
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