20090724 1800. Two charts to note today: Following on from yesterday's squeeze in FCPO(15 min), there was a significant break out of the range downwards then a rally upwards in the afternoon session, a prime example of the spring uncoiling. Second chart is the daily FTSE KLCI(daioy), momentum still looks to be intact, no sign of reversal yet...

Bloomberg reports on how the S&P500 has reached its 50% retracement of the falls last year to the lows. The KLCI similarly faces the 50% wall at around 1168-1173 region....