Friday, April 03, 2009

FKLI Recap: 916.0/916.5/902.0/910.0/-3


*DJ futs +1p.
*Regional on profit take pressure but absorbing well. Just off highs but positive

*Cash 907.01/+2p. Weekly : +2.5%

*FKLI quiet on profit take but finished near the upper intra-day range as DJ futs reversed losses after 5pm. Weekly: +2.7%
*FKLI is situated at double-top area, meaning a crossroad point for a possible breakout to year-high zone, 935++, or a pullback first towards 7SMA. Which one first?
*No immediate buy signal below 913. 900-913 range play. Below 900 is a strong sell signal. Shorts should get out if 913-916.5 is breached on Mon.


No comments:

Post a Comment