Very bullish pattern.
Thursday, January 24, 2008
5:41 pm - FKLI discount is very bearish at -23.5 pts
The gap will close when we close next Thursday !
9:43 am - There is a lot of short covering today !
Short sellers that had shorted the market before Thaipusam had to cover their position by buying.
This maybe a dead cat bounce !
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