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Friday, October 3, 2008

UPDATES ON OCT 3 2008

OCT 3 FRIDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 80.80 , S2 RS 78.60

R1 RS 83.70 , R2 RS 85.30

STAY SHORT AT RESISTENCE

Lead dropped to a two-month low of $1,681 before

closing at $1,700,down $40 from Wednesday's close.

The market was awaiting the House of Representatives' vote

on the $700 billion dollar package, which was expected

by Friday.

A firmer U.S. currency also weighed, making dollar-priced

commodities more expensive for holders of other currencies.

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