Monday, April 27, 2009

FKLI: 1000.0/1003.0/979.0/982.0/-15.0/-1.5%

DJ futs -120p. Regional lower, wary of new virus.

Cash -12p/-1%, gave up early gains on profit take amid weak outside markets,

Both cash and FKLI still managed to hold above 7SMA. Therefore, no serious damage on the daily chart yet. But the market cannot afford to suffer further setback tomorrow if it wants to see 1000 in the remaining days of this month.

If 7 SMA breaks, the target is seen at 950++

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