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Tuesday, 19 August 2008
FerroChina Neckline Breakdown
FerroChina broke the neckline support at 1.02. 1) ML has been selling down with huge volume from 1.18 to 1.03, 2) many positions bought 1.20-1.30 and 3) potential margin calls underway, don't rule out hitting 0.840.
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