Thursday, July 02, 2009

MarketWrap : back to square one...no +ve follow through


Regional gains erode, European opens sharply lower.

Fkli takes another blow after faling to cross 1090. As external factors gets weaker over time…1090 remains elusive and later its looks like a far-fetched case when fkli dips below 1080 as it chases 1070 instead. While klci firm, its sideways stance is driving me crazy and patience is growing thin.
FKLI losses only put the mkt back to its recent lower ranges but no major blow to the chart outlook. Below 1080 is sell market. Chart looks indecisive and ranging n market is trying to figure a clear direction.

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