Friday, June 13, 2008

13 Jun 2008


Reported at 0630hrs SGT
GY
Look like GY is losing stream for any upward movement. Both the softening of the WMA5 gradient and the CCI show a potential downward trend.

Even if there is a shot up, GY will face resistance at EMA200 at 211.3. It need to clear 212 before any significant breakout north.

How low can then GY go? You can draw a fib retracement from 9 Jun peak to 9 May low. But as now taking an extimate from the EMAs, we have 207.6 (EMA21) and 206 (EMA100/EMA55)

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