Wednesday, March 25, 2009

FKLI : Recap 878.0/885.5/873.0/884.5/+8

Regional mostly lower. DJ +50p, higher in the LAST 30 mins.
Cash 878.81/+0.89p. Cash turned positive in the LAST 15 mins.
After a quiet day, FKLI got pumped up towards the end of trading. This "LAST-suprise-factor" caught many by "surprise" and therefore partially explained the panic short covering activities.
The mkt is placed in a position to break 886 tomorrow. Cash must trades above 880 to justify FKLI sustainability at 890. If DJ weak, FKLi will then stuck at 873-885 neutral range.





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