Thursday, November 12, 2009

FKLI : morning gossip.....75-80

DJ +44

8.30 am : DJ futs +6. Regional strong start near 1% gains. Commodities strong.

Another chance to near 80 but breakout looks slim as the next course is to neutralise 2-day of toppishness and avoid fresh breakdown especially fbm. How fast the mkt can recover ? have to wait n see.

Above 75, fkli is intra-day buy. Fbm must trade above 77 before fkli can convincingly trade above 80 range.

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