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VCSC Daily - A Bit of Green, A Lot of Waiting

Market Commentary

29 Nov 2012

Technical comment: The short-term uptrend may continue in the next few sessions, but both indices should break above 380 and 51.5 before demand rebounds. Again, look at tickers that are trading near their supports and avoid chasing prices. We still believe this uptrend will be short-lived and selling pressure remains acute at the resistances of 390 and 52.5.

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