Friday, August 21, 2009

FKLI : morning gossip...1165++

DJ +70, on banks and techs, 3-day winning streak. But surprisingly US 10-year T price remains strong during these three days gains....equity strong, credit mkt weak. Apa hal ? buying not broadbased ?

8.30 : DJ futs -12. Regional mixed, still cautious b4 China opening. NK -50.

Not anticipating a breakout higher today but Fkli is seen attempting to "park" near 1170 resistance. 1160-1170 upper range.

Above 1160 is intra-day buy.

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