Wednesday, November 25, 2009

MarketWrap : tug of 1270-war continues...


Month end syndrome, school holiday syndrome ? Very quiet. Fkli saw 7 consecutive black candle but still alive near 70 - maybe it has 9 life!
Very underperform today given external strength. Did not really challenge resistance. 70 in and out. External gains on strong commodity after US$ slide to mth-lows against major currencies. Fbmklci failed to provide leads.

Minus the rolls, ttl outright vols about 1300. Surprisingly not many long rolls, kwailow closing book for year end?

Technically, no changes, negative zone but did not get worse. Buystop remains above 74 ( 70 for Dec) A strong buy if fbm above 75.



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