20091006 1620 FCPO EOD Daily Chart Study. High volume !

FCPO traded @ 2062, up by 20 points to closed below Mid Bollinger Band = Bearish/down trend still intact. Bollinger Band width continue to widen suggest that there is still room for market to drop further. MACD histrogram has stop getting lower = Market may need a rest or consolidate. Today long lower tail doji candle with high volume traded also signaled that market will consolidate or pullback.

When to Buy : Buy at break up with quick profit/ cut loss.
When to Sell : Short at resistant with large profit/ cut loss.