20091012 1255 FCPO Hourly Chart Study. Still holding strong. But..

FCPO ended the morning session up 44 point to closed at 2129. Chart wise still looks strong by trading above mid Bollinger Band after gapped above upper Bollinger Band. Widen Bollinger Band width with also suggesting that market still can climb higher. MACD histrogram stayed flat above the positive territory = No aggresive buying yet. Another factor to look at is the seller out number buyer at 7:3 ratio. This could mean that market is not yet ready to surge upward.