Monday, April 13, 2009

FKLI : Recap 948.0/951.0/934.0/944.0/-2

DJ futs –50p, quiet throughout the day.

But regional, +2%, strong led by China a rise in 1) industrial output and 2) bank lending in March.

Cash 941.4/+0.03. Toppish candle, must break higher tomorrow otherwise the market is due for a pullback towards 930.

Like cash, FKLI managed to clear early losses and position itself for a breakout tomorrow. But the weakest candle in 3-day, a good sign for bears.

No buying at this moment unless the market can take 950 level.


2 comments:

  1. Under links: The Basic of Technical Analysis is dead. It should link to http://www.chartfilter.com

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