Tuesday, April 21, 2009

FKLI : morning gossip

DJ -290/-3.6% investors bailed out of a variety of sectors after the recent run as question arises whether recent better-than- expected financial sector result was just a one-tine thing.

DJ futs -10P. NK -3% Kos -2%

Both mkt downside risk is seen down to 950 today. Not too sure whether there will a breakdw, dw-arrow band. The mkt may hover around 950-960 first. FKLI is seen starting around 955. Below 960 is a sell mkt.

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