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Market Commentary

Published on: February 8, 2010 No Comment

This is Capital Essence’s CEM News - Market Outlook (the technical analysis of financial markets) for February 9, 2010.

…As indicated in the above chart, Monday’s trading action is clearly disappointing as the bulls failed to kick in a meaningful upside follow-through following Friday’s bullish hammer. Additionally, a failure to hold above the important psychological 10000 level suggested that the market might have to …

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