21 Apr 2009
I have to give up gains after GU failed to rebound after hitting support at 1.460.
I expect GU to continue to slide, given the second round of fear that plagued by US banks. In addition, UK has not give much better news to offset. CPI is expected to be below 2.9% and that will push GU down.
I have place a short at 1.450 and TP at 1.43.
I expect GU to continue to slide, given the second round of fear that plagued by US banks. In addition, UK has not give much better news to offset. CPI is expected to be below 2.9% and that will push GU down.
I have place a short at 1.450 and TP at 1.43.
posted by Ernest Seng at 11:05 AM
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