Tuesday, May 12, 2009

FKLI : morning gossip

DJ -155/-2%, no major news, sjut backing off

DJ futs -39 NK -76/-1% Kos 0.5%

Follow through of yesterday's sentiment will continue today, targeting another 10 ot 15 points lower. With cash support seen at 1010 today. FKLI is expected to find support at 14SMA, yellow line near 1000

To the upside, intra-day resistance is lowered to 1020. But a consolidation at best, till a clear buy signal emerges.

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