Wednesday, April 22, 2009

FKLI : 974.0/980.0/965.0/968.0/-7.5/-0.8%

DJ futs –60.

Regional negative sentiment led by China markets on talk that new lending in China has been significantly lower so far in April. HS –2.6% SH –3%

Cash off year-high but marginally higher 958.58/+2P. Sentiment will turn negative only if 965 fails to hold

FKLL erased 50% of this week’s gains. Profit take selling. No serious damage done to the chart outlook yet, above 960.

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