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VCSC Daily - Banks’ show

Market Commentary

02 Jan 2013

Technical comment. We keep our conservative views as our technical quantitative system is giving warnings of a sharp reversal. Specifically, the short-term selling signal might appear on Thursday showing that the correction pressure will increase from then. The correction could last for 3-4 sessions with downside adjustment of 5%-10%. We recommend investors should be patient, waiting for new positions formed during the correction.

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