ZLBT Chats

Sunday, December 19, 2010

ZLBT Charts For Monday >>> FKLI DJIA FCPO SOYBEAN OIL

FKLI >>> Rumble or Tumble?
ZL gives it a 60/40 negativity
Santa is not due for a few more days :P
Wall Street investors are not really rushing into the market & the volume seems to emphasise yhis point. On the contrary, if volume does increase it may turn out to be a tumble and not a rumble. Have a strabge feeling a Dow triple digit drop is not too far off ....
Year End Portfolio Adjustments Should Keep CPO Peices In Check
CPO is under heavy profit taking activities and the negative export numbers are giving the LONG holders very stressful past few sessions.
Technically there is more downside ahead with 3375 > 3350 important supports
]Recommend SELL INTO STRENGTH

Soybean oil is presently consolidating and should resume it's uptrend after the festive holidays. Mantain LONG mindset but at the same time cool off any bullish temporarily
HAPPY TRADING

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