Thursday, May 14, 2009

FKLI : 1010.5/1013.0/1002.5/1003.0/-18.0/-1.8%

Regional tumbled about 2% and HS fell 3%

DJ futs -11. Europe early trading mixed. KLCI 1011.99/-11/-1%

FKLI distant itself from 1010 after KLCI closing, which is the day’s low.

Weak sentiment continued throughout the day, no sign of any rebound. FKLI paused near immediate support of 14SMA. If DJ takes another dive tonight, a fresh leg down towards the down-arrow tip level is possible, especially if 1000 breaks.

A sell-market below the newly established downtrend-line.

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