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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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