20091006 1245 FCPO Hourly Chart Still A Sell.

FCPO ended 19 points lower in the first session with higher volume after gaping up during opening. Hourly chart wise still look bearish with price closed below Mid Bollinger Band = Bearish/down trend still intact. Bollinger Band width continue to widen suggest that there are still room for market to fall more. MACD histrogram lower on smaller scale = Market still bias to downside. With such an encouraging volume traded, let hope that more action will take place on the afternoon session. PS: Watch the 2000 physhocology support level for pull back.