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VCSC Daily - Blue chips drive VNI’s gain

Market Commentary

07 Jan 2013

Technical comment. We think the rally is overextended and a correction could come as soon as Tuesday. Selling pressure could be strong as supply from the Jan 3rd session are settled. Furthermore, we note that technical indicators are showing that the current market is exhibiting similarities to the market back in September 2011 where a top was formed and was followed by a mid-term downtrend.

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